5/4/2009

Turkish economy posts good performance due to steps taken by government

AA – The Turkish Prime Minister Recep Tayyip Erdogan said on Saturday that the Turkish economy posted a good performance, thanks to the steps taken by the government. Delivering a speech in the general assembly meeting of the Union of Turkish Chambers and Commodity Exchanges (TOBB) in Ankara, Erdogan stressed the fact that his government reduced inflation figure to a single digit and that it is currently standing at 7.9 percent. Similarly, the government also decreased interest rates from 62.7 percent to 12-17 percent, Erdogan noted. The steps taken by the government in the areas of democratization and law also contributed to the good performance of the economy, he emphasized.