9/18/2009

Banking watchdog predicts further recovery in Turkish economy in 2010

Today’s Zaman - The Banking Regulation and Supervision Agency (BDDK) has announced they expect the Turkish economy, which has already entered a recovery phase, to recuperate further in 2010, albeit gradually. Evaluating the impacts of the ongoing global financial crisis on the Turkish economy in their “Financial Markets Report", the banking watchdog said recent tax reductions in various sectors have helped significantly to rejuvenate the markets, adding that the current recovery trend is expected to continue in 2010.