WB President: Turkey set the example for a successful economy

Zaman - Turkey has set a unique example of growth during times of difficulty for the world’s major economies, according to the World Bank’s President Robert Zoellick. Turkey’s success as one of the world’s fastest growing economies is admirable and the growth model is an example to be followed by other markets, said WB President in a press conference in Ankara, following a meeting with Turkey’s Deputy Prime Minister Ali Babacan.

Noting that Turkey is an important economy in its region, Zoellick said the country's economic program is “very strong” as Turkey focused on restructuring its economy with a strategic approach. The World Bank head also recalled that Turkey has implemented very important structural reforms in its economy since 2002. Underscoring that there is an increasing interest in Turkey's economic achievements, not only in its region but also in global markets, Zoellick praised Turkey's growth success.

Turkey’s GDP grew 11 percent in the first quarter, making the country the world’s fastest growing economy for the period. The country experienced an 8.9 percent growth in 2010, also a significant feat, while many developed economies had experienced downturns. Turkey’s 2011 growth will reach 8.7 percent according to IMF forecasts.
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