4/7/2011

WB: Turkey's 4.5 percent growth target for 2011 achievable

Today’s Zaman - World Bank Turkey Director Ulrich Zachau has said he finds the government’s growth target of 4.5 percent for the Turkish economy in 2011 realistic.

“In line with the Turkish government’s estimates, I expect a similar level of growth in the economy this year over 2010..” he told the Anatolia news agency in Ankara on Wednesday. He said reforms carried out in Turkey since 2001 -- fiscal discipline, improvements in the banking supervision system and effective debt management -- have yielded positive results for the country. “The Turkish economy has proven its resilience against external shocks,” Zachau added.

Turkey’s economy achieved 8.9 percent growth in 2010 over the preceding year, surpassing a World Bank estimate of 4 percent.
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Turkey; turkish economy; world bank; ulrich zachau; economic growth; turkey growth rate; turkey growth 2011