3/5/2008

PwC report: "Turkish economy will match Italy's in 2050"

Today's Zaman - Turkey's economic volume will be equal to that of Italy in 2050 with 5.1 percent average annual growth, according to a report by global consulting and accounting firm PricewaterhouseCoopers (PwC). Turkey will more than triple its national income and more than double its purchasing power by 2050, report said. PwC macroeconomics department head John Hawksworth said the world economy's center of gravity will shift to emerging countries.