6/3/2009

Turkish PM says economic recovery began in April

AA - The Turkish Prime Minister Recep Tayyip Erdogan said on Tuesday that the country's economy began to recover in April. Delivering a speech at the meeting of international businesspeople participating in “Turkey-World Trade Bridge 2009” in Istanbul, Erdogan said Turkey has become a country attracting investments from several countries thanks to regulations in the banking system, as well as steps taken in the fields of privatization, social security and public management. Turkey's GDP stood at USD 230 billion in 2002 and reached USD 742 billion at the end of 2008, said Erdogan. He said the value of Turkey's exports was USD 36 billion at the end of 2002 and reached USD 132 billion at the end of 2008. "Turkey has felt very few of the negative impacts of the global economic crisis when compared with several developed countries. We have been seeing a recovery in the economy since April", he noted.