12/9/2009

Citi Group: Turkey among fastest growing countries

Sabah - Citi Group has announced that Turkey is expected to see a 4.2 percent growth in 2010. Citi Group has determined that Turkey will be one of the countries to display the fastest growth in the economic recovery. The increase in the private sector’s consumption and investment spending will contribute to the anticipated 4.2 percent growth for Turkey in 2010. Citi Group speculates that Turkey’s economy will experience a 5.5 percent growth, a 5.8 percent growth and a 6 percent growth, respectively in 2011, 2012 and 2013. Meanwhile, according to Citi Group estimations, the global economy will grow by 3.5 percent in the next year.