Turkey surpasses EU countries in growth rate

Taraf - Headed by former Finnish President Martti Ahtisaari, the Independent Commission on Turkey has released a report on Turkey’s achievements in the EU accession process. The economics section of the report praised Turkey’s average GDP growth rate of 7 % as the country left 9 EU member states, the OECD and the Euro Zone behind in the period 2002-2007. Formed by politicians as an independent body to assess Turkey’s EU accession, the Commission’s report highlighted Turkey’s budget deficit and debt stocks as being well within the Maastricht Criteria, as well as its fully functional market economy. The report linked Turkey’s resilience to the global economic crisis to its close ties with the EU and the progress it has made over the last 10 years.