Posted on 14 February 2011
Turkey: Goldman Sachs says Turkey will grow faster than expected
Jim ONeill, the Goldman Sachs 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 Turkeys recent economic performance, Jim ONeill has put Turkey among the N-11 group, which is another term like the BRIC used to define economies with high potential. ONeill believes the BRIC group and other emerging economies will present many investment opportunities in the coming years.
13 December 2011