10/13/2015

World Bank elevates Turkey’s growth forecast

Aksam - The World Bank has revised Turkey’s 2015 GDP growth forecast to 3.2 percent up from 3 percent, reflecting the country’s stronger than expected second-quarter growth.


The institution’s 3.5 percent forecast for the years 2016 and 2017 remained unchanged in the Global Economic Prospects’ October revision.


Driven by domestic consumption and private sector investment, the growth in Turkey’s economy reached 3.8 percent in the second quarter following first-quarter growth of 2.5 percent.


The Turkish government’s medium-term program predicts a growth of 3 percent this year.

Turkey; world bank; global economic prospects; turkey gdp growth; turkey growth 2015; economic growth