1/14/2011

WB: Turkey to grow twice world economic growth in 2010

Today’s Zaman - The World Bank suggests that Turkey’s economic growth rate will be double that of the world, which is estimated at 3.9 percent, with a growth figure of 8.1 percent in 2010.

According to the January edition of the “Global Economic Prospects 2011 report” prepared by the World Bank, Turkey’s gross domestic product (GDP) growth is expected to register 8.1 percent in 2010. The growth of the global economy in 2010 is estimated to be around 3.9 percent, while the growth figures for the Organization for Economic Cooperation and Development (OECD) countries is estimated at 2.7 percent. The estimate for the GDP growth of the eurozone is at 1.7 percent. This shows that Turkey’s growth is expected to be double the GDP growth of the world.

The report also estimated the growth figures of Turkey for this year and 2012 -- 4.1 percent and 4.3 percent, respectively. Moreover, the GDP figures of the eurozone are estimated at 1.4 percent for this year and 2 percent for next year. In line with this data, Turkey is expected to outpace the growth figures of the eurozone again this year and in 2012.

The World Bank report underlined that “Turkey’s recovery was more vibrant -- a reflection of strengthening domestic demand, supported by rising foreign capital inflows and an accommodative monetary and fiscal policy.”
/Style%20Library/Invest/images/news.png
turkey; economic growth; world bank; turkey gdp; turkey growth rate; turkish economy