Turkish Finance Minister Says World Witnessing Economic Shift From West To East

Turkish Treasury and Finance Minister Berat Albayrak said Saturday that the world was witnessing at the moment an economic shift from West to East, with power and wealth being redistributed around the world.

MOSCOW (UrduPoint News / Sputnik - 15th December, 2018) Turkish Treasury and Finance Minister Berat Albayrak said Saturday that the world was witnessing at the moment an economic shift from West to East, with power and wealth being redistributed around the world.

"What we are witnessing right now about these global challenges [is a] global economical shift from West to East," Albayrak said at a plenary session dubbed "The Growth Potential of Emerging Markets" within the Doha Forum 2018.

He added that the changes in the world's economy were accompanied by a shift of wealth and power from developed states to emerging countries.

The Doha Forum a global platform for dialogue that brings together leaders in policy from around the world started in the Qatari capital earlier on Saturday. The event will last through Sunday, with such officials as UN Secretary-General Antonio Guterres, Turkish Foreign Minister Mevlut Cavusoglu, and Iranian Foreign Minister Javad Zarif expected to participate in the event.