6/29/2011

IFF head: Turkey to achieve double-digit growth in first quarter

Dunya - Turkey’s first quarter growth is expected to reach double-digit levels, according to the Institute of International Finance (IFF) Europe Director, Jeffrey Anderson.

During his visit in Istanbul to attend an event organized by Garanti Masters, the private banking branch of Garanti Bank, Anderson shared his views on the Turkish economy’s recent performance. Praising the solid GDP growth rate of the previous year, Anderson described the Turkish economy as distinctively impressive.

“I see the Turkish economy achieving double-digit growth rates in the first quarter - a view echoed by many observers,” Anderson told the audience in the event. He said that Turkey’s annual growth rate for 2011 is expected to be significantly high as well.

“Declining inflation and government debt-to-GDP ratio make Turkey stand out from the other emerging countries,” IFF executive concluded.
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