Turkish economy to begin growth by Q3

Today’s Zaman - Merrill Lynch, a leading global financial management and advisory company, has said the Turkish economy will start growing by the third quarter of this year. According to the analysis, Turkey will see a 0.5 percent growth in its economy by Q3 of 2009. Listing Russia, Poland, South Africa and Hungary along with Turkey as being among the countries due to recover relatively quickly from the ongoing global financial crisis, the company said all of these countries, with the exception of Turkey, will see a further shrinkage in Q4. Meanwhile, Merrill Lynch said their estimates indicate a 4.2 percent growth in the country's economy by Q4. The company also noted that the Turkish economy could grow by 3.2 percent in 2010.