IMF sees Turkey's GDP growth at 7.8% this year.

By bne IntelliNews October 7, 2010
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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