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.

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