5/26/2011

Turkey to grow 6.5 percent in 2011, OECD forecasts

Turkiye – Turkey’s GDP will grow 6.5 percent in 2011, the Organisation for Economic Co-operation and Development (OECD) predicted in its latest semi annual World Economic Outlook report. The organization expects Turkey’s economy to continue its growth trend in 2012 as well, albeit at a slower rate of 5.3 percent.
The report puts Turkey’s inflation rate at 5.7 percent for 2011 and 6.1 percent for the next year and foresees a decline in the country’s unemployment rate, observed to be 11,7 percent in 2010, expected to drop to 10,6 percent and 10,4 percent in 2011 and 2012, respectively.
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