In its World Economic Outlook October report the IMF upgraded the GDP growth forecast for 2010 to 7.8% from 5.2% in the April report. The Fund expects the Turkish economy to grow 3.6% in 2011. The IMF's CPI inflation forecasts for 2010 and 2011 are 8.7% and 5.7%, respectively. CA deficit is expected to climb to 5.2% of GDP this year from 2.3% in 2009 and in 2011 the current account deficit is forecast at 5.4% of the national income, according to the report. The Fund's unemployment rate expectation is 11% and 10.7% for 2010 and 2011, respectively. |
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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
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
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