11/25/2010

IMF: Turkey to have the second highest growth rate in Europe

Dunya - Turkey will be among the top three countries to grow above 5 percent in Europe in 2010-2011 and will rank second after Belarus, according to data released by the International Monetary Fund (IMF). IMF data suggest that Belarus will achieve a rate of 6.9 percent, followed by Turkey with 5.8 percent. Kosovo will be the third country to grow over 5 percent, following Turkey.

Asian countries like China and Indonesia will also grow over 5 percent, as will Egypt and Ethiopia in Africa, while larger economies like the USA, Canada, Russia and Japan will grow between 2 and 5 percent. The countries to experience a contraction in their economies in the aforementioned period are Greece, Venezuela and Romania.
turkey; economic growth; imf; growth forecast; europe; highest growth

ENGLISH