IMF’s forecast year-end growth rate for Turkey is 2,3 percent

The International Monetary Fund (IMF) forecast on Tuesday Turkey’s year-end growth as 2.3 percent in 2012.

WASHINGTON- According to IMF’s world economic outlook report, Turkey’s Gross Domestic Product (GDP) will be 2.3 percent at the end of 2012. Turkey will grow 3.2 percent in 2013, IMF says.

IMF report says Turkey’s annual consumer prices may be around 10.6 percent in 2012 and around 7.1 percent in 2013.

According to the report, Turkey’s current account balance ratio to GDP will be around -8.8 percent in 2012 and -8.2 percent in 2013.

The IMF report forecasts unemployment rate to be around 10.3 percent in 2012 and 10.5 percent in 2013.

The four figures were 8.5, 8.5, -9.9 and 9.9 percent in 2011 respectively.

Moreover, the report projects the global growth as 3.5 percent, and sees escalation Euro zone crisis and hike in oil prices due to uncertainties in the Middle East as two serious risks.

20.04.2012
SOURCE: CUMHURIYET