European Commission forecasts 7.5% GDP growth for Turkey this year.

By bne IntelliNews November 30, 2010
The European Commissions autumn forecasts see a GDP growth of 7.5% (up from the 4.7% in the previous report) for the Turkish economy this year. The Turkish economy is expected to grow by 5.5% in 2011 and 4.5% in 2012, according the autumn forecast. Unemployment rate is forecast to remain high at 12.2% this year only to decline to 11.7% next year and down to 11.3% in 2012. CA deficit forecasts for 2010 and 2011 are 5.5% and 6.6% of GDP, respectively while general government balance is expected to produce a deficit of 3.7% of GDP this year and 2.8% in 2011.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335