European Commission forecasts 6.1% GDP growth this year for Turkey.

By bne IntelliNews May 16, 2011
The European Commission (EC) releases its predictions in the Spring 2011 Forecasts Report. The EC revised the GDP growth for Turkey for 2011 to 6.1% from the 5.5% in the autumn 2010 report. The GDP growth forecast of the EC for 2012 was also lifted to 5.5% from 4.5%. The EC expects the CA deficit to widen to 7.7% of GDP this year, from 6.7% in 2010 and the current account gap is forecast to increase further to 8.1% of GDP in 2012. The central government budget deficit expectation of the EC for 2011 is 2.8% of GDP and 2.2% in 2012.

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