Turkey will be among the best performing major economies in emerging Europe.Posted by: atif, March 22nd, 2010
With real GDP growth now forecast to rise up to 3.7% in 2010, Turkey will be among the best performing major economies in emerging Europe.
Turkey took the decision to end talks with the International Monetary Fund about a fresh loan agreement after showing that it has been able to respond effectively on its own to the effects of the global financial downturn. An IMF mission is due to visit Ankara in May for regular consultations, where further discussions are expected to be held.
Turkey’s economic success in weathering the crisis has prompted rating agencies to upgrade its sovereign ratings. The global recovery and Turkey’s own medium-term economic programme had strengthened its outlook.
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