Danske Bank ups Turkey’s growth estimate to 9.4 percent

Sabah - The Danish Danske Bank, one of the leading banks in Europe, has increased its 2010 growth forecasts for Turkey from 7.9 percent to 9.4 percent, and estimated the prospective growth of the country in 2011 at 5.8 percent.

The research note, in which the macroeconomic developments in Turkey are evaluated, read: “We expect the economic growth of Turkey to surpass that of other countries in the region.”

Stating increasing domestic demand as the driving force behind the Turkish economy’s growth, the analysis highlighted the rebound to pre-crisis levels in investments and consumer spending in the country.
turkey; danish; danske bank; growth rate; economic growth