IMF revises Türkiye’s growth forecast to 4.6 percent

Dunya - The International Monetary Fund (IMF) has revised Türkiye’s prospective growth rate to 4.6 percent from an earlier estimate of 3.6 percent in the wake of the country’s stellar economic performance last year. Türkiye’s 8.9 percent of gross domestic product growth in 2010 is the highest in Europe and OECD member countries.

According to IMF’s World Economic Outlook, the Turkish economy will grow by 4.6 percent this year and is likely to continue growing at a close rate of 4.5 percent in 2012. IMF estimates are aligned with Türkiye’s Medium-Term Program, which envisages a 4.5 percent growth in 2011 and 5 percent in 2012.

The consumer price index estimate remains unchanged at 5.7 percent, while it is expected to reach 6 percent in 2012. The report predicts incremental decreases in Türkiye’s unemployment as it lowers down to 11.4 percent in 2011 from last year’s 11.9 percent and further down to 11 percent in 2012.
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