Turkey to grow 6 percent in 2011, executive survey predicts

Zaman – Turkey’s economy is expected to continue its strong growth in 2011, according to a survey by the Turkish Industry and Business Association (TUSIAD). The survey conducted among members of Turkey’s leading business organization revealed high expectations of GDP growth for this year and the next.

The CEOs of Turkey’s leading companies estimate that Turkey’s growth rate will be 6 percent at the end of the year and 5.2 percent in 2012, while the inflation rate is expected to remain at 7.4 percent for 2011 and to fall to 6.8 percent at the of 2012.

Although the majority of the executives do not expect a major change in Turkey’s economic outlook in the short term, expectations for the long term are largely positive, with increased employment and investments.
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