9/27/2010

“Turkey to grow at the highest rate in Europe”

Today’s Zaman - Turkey’s Minister of Economy and Deputy Prime Minister Ali Babacan estimates that the Turkish economy will grow at the highest rate among European countries by the end of this year and the next. Speaking during a live interview at a TV channel, Babacan pointed to the resilience of the Turkish banking sector against the shocks of the global economic crisis and praised this solid stance as one of the major factors helping Turkey to weather the crisis easily.

The minister said the contribution of the private sector to the country’s high growth performance is undeniable, and also underlined that private consumption and investments are the major drivers of growth in Turkey. The government has always paid special attention to ensuring confidence in its economic programs since 2002, Babacan noted.
turkey; economic growth; growth rate; turkish economy; private sector; banking sector; ali babacan

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