Introduction A&T Finansal Kiralama A.Ş. Annual Report 2024 8 9 Esteemed shareholders and colleagues, In 2024, the global economy navigated a landscape shaped by geopolitical tensions, heightened competition, and evolving economic dynamics. As anticipated, high inflation, stagnation, and growing regional economic protectionism dominated the global agenda. While developed countries started to takemeasures that push the limits of free trade in order to sustain their economic growth, price increases due to energy costs and deteriorating supply chains came to the fore as factors threatening political and economic stability in many countries. In 2024, which became the ‘World Election Year’ due to the presidential and general elections in multiple countries, reshaping not only domestic policies but also global economic and political balances. The most notable outcome was Donald Trump’s return to the U.S. Presidency, accompanied by his party’s control of both the House of Representatives and the Senate. This result signaled an era in which not only U.S. domestic policies, but also global trade and economic policies will move in a protectionist direction. In the Middle East, regional stability was further strained by the conflict in Gaza and the regime change in Syria, leaving the geopolitical landscape more fragile. Meanwhile, The ongoing Russia-NATO geopolitical tension over the RussiaUkraine conflict added uncertainty to the region’s future. In Asia, China has increased its weight as a geopolitical as well as economic power. In this geography, China’s Taiwan-centered diplomatic rivalry with the Western Alliance has become increasingly risky. While global economic growth slowed further from 3.3% in 2023 to 3.2%, the annual inflation rate in the U.S. and the Eurozone reached 2.7% and 2.2%, respectively. Europe’s economic challenges, particularly Germany’s recession and energy crises, weighed heavily on the European Union’s overall performance. This turbulent and transformative atmosphere of 2024 not only shook the existing balances, but also formed the basis of economic and political forecasts for 2025 and beyond. Despite all these political, diplomatic and economic uncertainties, Türkiye maintained its proactive, solution-oriented approach to regional issues, achieving economic stabilization and a downward inflation trend following the local elections in March 2023. With the end of the local election period at the end of March and the persistent follow-up of the decisions taken by the Economic Administration, the economy stabilized and inflation entered a downward trend. Türkiye was again one of the fastest growing economies in the global economic arena with the growth performance of 3.2% in the first nine months of 2024. CHAIRMAN STATEMENT 2024 was not only a successful year for us, but also a year in which we developed and learnt together. I tr ti 28 Amount of Contracts Signed in 2024 USD Million 16% Increase in Annual Contracts Signed
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