|The Turkish economy is expected to grow by 2.9% in 2012 while growth is projected to regain momentum on the back of recovering domestic demand rising to 4.1% in 2013 and to 5.2% in 2014, the OECD said in its latest Economic Outlook Report. The OECDs GDP growth projection for 2012 was a higher 3.3% in the previous Outlook Report released in May. Monetary policy should continue to focus on disinflation, fiscal policy could play a more active countercyclical role if international and domestic conditions worsen, the report added. The OECD expects inflation rate to be 9.1% in 2012, and decline to 6.9% in 2013 and 6.1% in 2014. The organisations current account deficit projections for 2012 and 2013 are 7.2% of GDP and 7.3% of GDP, respectively.
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