9/21/2010

Strong economic growth to boost investor confidence in Turkey

Investment International - Turkey is expected to experience strong economic growth in 2010, boosting financial stability, international investor confidence and creating a dynamic business sector, according to a new report. Its recovery is a chance to reinforce long-term economic growth and it is likely to be among the strongest of the Organization for Economic Cooperation and Development (OECD) countries in 2010, as shown in the OECD’s latest survey of the country. Turkey’s GDP is expected to expand by more than 6 percent this year. Unemployment is likely to fall markedly, the report added. “Turkey should build on the positive shock it produced by emerging from the crisis with a strengthened economy. It should now finish the job by completing the fiscal architecture to consolidate its credibility”, said OECD Secretary-General Angel Gurría. He said the task also requires implementing a number of key reforms so that the entire business sector can benefit from the stronger economic environment.
turkey; economic growth; financial stability; international investor; oecd; angel gurria