Thursday, 5 November 2009A European Union economic report has predicted that Turkey would become the fastest growing country in Europe in 2010 with a 2.8 percent growth rate.
European Commission's economic forecast report for fall has estimated that Turkey would shrink 5.8 percent this year and the growth rate would climb up to 3.6 percent in 2011.
The report said the inflation would be 5.6 percent in 2009, and it would be 5.8 percent and 5.3 percent for 2010 and 2011 respectively. The commission report said unemployment would rise to 13.9 percent in 2010 and fall to 13.5 percent in 2011 as trade deficit would be 2.1 percent in 2010 and 2.8 percent in 2011.
Turkey, after experiencing a very deep crisis in 2001, started to recover quickly thanks to the domestic reforms and international economic conditions. The reforms materialized after 2001 helped Turkey alleviating the structuring imbalances. |
Thursday, 5 November 2009
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