Posted on 14 February 2011
Turkey: Turkey to reach investment grade status in 2011
According to a HSBC Global Research report Turkey is expected to reach investment grade status in 2011.
The report concludes the emerging markets will see the emerging markets involvement in the global economy pushing them into the worlds top 30 economies by the year 2050,.
HSBC forecasts Turkeys GDP will exceed USD 2 trillion in 2050, making Turkey the 12th largest economy in the world.
Report says that Turkeys steady growth will be based an increasing population and a large labour force.
The report forecasts Turkeys GDP will at 5.3% between 2010 and 2020; 4.7% between 2020 and 2030, 4% between 2030 and 2040 and decreasing to 3.5% between 2040 and 2050.
7 January 2011
Invest in Turkey (Dunya)