6/23/2008

OECD report: Turkey’s growth will surpass India’s by 2017

Today’s Zaman - Turkey's growth rate is expected to rank third after China and India in coming years and to pass India and take the second spot by 2017 among Organization for Economic Cooperation and Development (OECD) member countries, according to a new report. The Agricultural Outlook report estimates that China's growth rate will drop to 8.2 percent from double digit rates after 2010. Turkey is expected to rank third for growth rate in the next 10 years, right after India and China. India will see a higher growth rate than Turkey until 2014; then, the report predicts, its annual growth rate will decline to 5.3 percent while that of Turkey will continue to climb, exceeding this rate. Russia is expected to rank directly below Turkey in the next 10 years.

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