Economists such as Marc Faber and Nouriel Roubini have recently been to pointing to a possible crisis with its origins in the USA. Another issue of debate has been whether the problems in Europe will or will not continue.
Domestically, the movement that started in December may peak as a result of the presidential election and the possibility of an early general elections. When one looks at this picture as a whole then it looks as though difficult times are awaiting the business community. In this environment, which risks should CEOs regard as high priority threats and what measures should they take against them? Here are the answers...
1- THE GLOBAL RISK IS CONTINUING
Many businesspeople rank global economic developments at the top of the list of risks, Kibar Holding CEO Tamer Saka is one of them. Saka notes that the global economic risks are continuing and makes the following evaluation: “These risks are reflected differently in Europe, the Far East and China, As a result, the uncertainties continue.
The other risk is Turkey’s internal dynamics. What our customers and the market see is important. The clarification of the position that foreigners take on Turkey is very important. It looks like 2014 will pass like this,” Limak Yatırım Board Chair Ebru Özdemir underlines in a similar way the global and regional risks, “The lower, or more volatile, growth of the global economy may affect our investment decisions and our ability to access financing,” says Özdemir.
2- THE POLITICAL UNCERTAINTY IN TURKEY
The political agenda is one of the risks that the business community follows closely. Makro Market General Manager Mehmet Songör ranks the political agenda first, “The most important risk is the instability and its repercussions resulting from an extraordinary political situation in Turkey,” he says, Songör continues as follows: “Unregulated competition and the problem of unprofitability are another risk for growth.