12 July 2012OECD praised the structural and macroeconomic policies of Turkey which strengthened the country's economy.
Releasing 2012 Turkey report, OECD said, "growth averaged close to 9 percent in 2010-11, with strong job creation. At the same time, the current account deficit widened to around 10 percent of GDP and consumer price inflation rose to over 10 percent."
"External competitiveness remains crucial for Turkey's economic performance both in the short and the long term. Competitiveness gains are necessary to rebalance domestic and external demand, and increase the pace of employment, income and domestic saving growth," said the report.
The report predicted Turkey's inflation for 2012 as 9.2 percent, and for 2013 as 7.2 percent.
The prediction for growth in 2012 is 3.3 percent, while it is 4.6 percent in 2013.
According to the report, unemployment rate for 2012 would be 9.5 percent, and 9.1 percent for 2013, while current account deficit's ratio to gross domestic product was predicted as 8.9 percent for 2012, and 8.4 percent for 2013.