5/6/2009

Merrill Lynch expecting Turkey's economy to grow 3.2 percent in 2010

AA - Global financial management and advisory company Merrill Lynch estimated a 3.2 percent economic growth rate in Turkey for 2010, despite the general slowdown in the world economy. Turkey will make a quicker recovery than other countries of the region thanks to relatively minimal damage in the banking sector, households and firms, said a weekly analysis on the developing markets. The analysis expected a 6.3 percent inflation rate in Turkey in 2009.