7/1/2010

First quarter data show Turkish economy in strong rebound

 

Bugun - Figures from the first quarter of 2010 reveal Turkey’s rapid recovery from the global economic crisis, as the country ranks second in growth among G20 members. While the growth rate of 11.7 percent falls slightly short of expectations, Turkey is second only to China in the G20 and leads the 31-member OECD in growth.

 

On the other hand, many European countries experienced a downturn in growth, with EU members like the UK, Spain and Greece seeing drops into negative figures. The US managed 2.7 percent.

Turkey; economic growth; growth figures; crisis recovery; OECD; G20

ENGLISH