9/18/2014

Turkey among drivers of global growth – A.T. Kearney

Dünya – With a consistently growing economy, state of the art infrastructure and increasingly urban population, Turkey will be among the countries that will drive global growth in the years leading to 2020, according to a report by the global management consulting firm A.T. Kearney.


In the report titled “Global Economic Outlook 2014-2020 - Transitory Shift to Renewed Normal”, the firm predicts that a new wave of global growth would depend on a group of emergi ng nations, including Turkey, and not just the U.S. economy. The report lists Turkey, China, Chile, Malaysia, Peru, Poland, the Philippines, Mexico, Colombia and India as the next-wave growth markets, dubbed “2020-10”.


“The infrastructure of Turkey is top notch when compared to other emerging nations, presenting many opportunities for existing and would-be investors. 67 percent of the population is of working age and 75 percent live in urban areas, making a huge and concentrated work force readily available for foreign investors..”, according to Michael Weiss, A.T. Kearney Country Manager for Turkey.


“Turkey’s innovation potential, labor market and status as a manufacturing hub are important factors that draw foreign investors. The country’s growth performance in the last decade is very strong and the country needs to keep its efforts up to reach its 2023 goals..”, he noted. The Turkish government has set a number of targets to be reached by 2023, the centennial of the Republic’s foundation.


Turkey ranks among the top 25 countries in A.T. Kearney’s FDI Confidence Index 2014, a list based on opinions from top executives of the world’s leading corporations.

Turkey; 2020-10; at Kearney turkey; at Kearney index turkey; turkey emerging economy; turkey emerging market

ENGLISH