4/28/2011

Roubini: Turkey to grow unabated

Bugun - Turkey’s steady growth will not be affected by the looming general elections, according to Professor of Economics, Nouriel Roubini. Roubini, who gained worldwide recognition by predicting the outbreak of the global financial crisis in 2008, addressed to the members of the Turkish Retailers Federation (TFP) in Istanbul on the latest developments in global economy.

“Emerging countries like Turkey will continue their GDP growth in the coming year,” the professor, dismissing the idea of a new financial crisis affecting Turkey. Roubini said that the world economy is going through a recovery period and that unexpected developments in a global sense are not likely.

“Turkey garnered a lot of attention with its progressive reform program to restructure its economy and places great emphasis on its human capital and education system”, the New York University Professor went on to say, forecasting a 6 percent growth in the country’s economy in 2011.
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