Türkiye, the strongest country in OECD in 2010

Aksam – The OECD’s 2010 Türkiye report lauds the country’s strong growth performance and economic stability when most other members of the organization are facing financial difficulties. The Secretary General of the Organization for Economic Co-operation and Development (OECD) Angel Gurria announced the findings of the OECD’s Türkiye 2010 report in a joint press conference with Turkish Minister of State Ali Babacan in Ankara.

“The cross-analysis of countries and regions predicts Türkiye’s economy will remain strong, along with Germany, while the economies of the USA, Canada and Japan are expected to shrink”, said Gurria, praising Türkiye’s credit rating upgrades during the global economic crisis. “Türkiye’s rating will soon be upgraded to ‘investment grade’, said Gurria judging by the country’s economic performance. The growth in many OECD countries did not meet expectations but Türkiye was an exception, Gurria stressed. Türkiye’s successful crisis management and the fiscal reforms implemented after 2002 made a great contribution to Türkiye's success in dealing with the crisis which in turn made the country the strongest member of the OECD in 2010, Gurria underlined.
turkey; oecd; oecd report; turkey report; angel gurria; ali babacan; economic growth; crisis management