WB Director expects to see 3 percent growth in Turkey in 2102

Raiser expects to see a growth rate of 3 percent in Turkey in 2012

World Bank’s Turkey Director Martin Raiser on Monday in Istanbul said that the Turkish economy was on the right track for balanced and sustainable growth and that they expected to see a growth rate in Turkey of 3 percent over 2011 at the end of 2012.

Stating that Turkey needed not be concerned with growth and its budget, Raiser said that economic stagnation was not a situation to be concerned with, and if you want your economy to reach a balance, a decline in growth rates was inevitable.

“It would not be right to forget about inflation just because growth figures have dropped. We see fewer risks in inflation in Turkey in the upcoming term,” Raiser said, adding that there is a certain risk that Turkey may not be able to meet its budgetary target (in 2012), but that he didn’t think that the situation regarding the budget was not so dramatic.

26.09.2012
SOURCE: DUNYA.COM