Posted on 14 February 2011
Turkey: Goldman Sachs says Turkey will grow faster than expected
Jim O’Neill, the Goldman Sach’s economist, who first coined investment category term “BRIC” (Brazil, Russia, India and China) has forecasted that Turkey and Indonesia will grow beyond expectations.
Due to Turkey’s recent economic performance, Jim O’Neill has put Turkey among the N-11 group, which is another term like the BRIC used to define economies with high potential. O’Neill believes the BRIC group and other emerging economies will present many investment opportunities in the coming years.
13 December 2011