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Merrill Lynch expecting Turkey’s economy to grow 3.2 percent in 2010

Posted on 14 February 2011

Date: 07/05/2009
Merrill Lynch expecting Turkey’s economy to grow 3.2 percent in 2010

Global financial management and advisory company Merrill Lynch estimated a 3.2 percent economic growth rate in Turkey for 2010, despite the general slowdown in the world economy. Turkey will make a quicker recovery than other countries of the region thanks to relatively minimal damage in the banking sector, households and firms, said a weekly analysis on the developing markets. The analysis expected a 6.3 percent inflation rate in Turkey in 2009.

6 May 2009 AA (Invest.tr)

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