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Turkey: World Bank says performance back to pre-crisis levels

Posted on 14 February 2011

Date: 17/11/2010
Turkey: World Bank says performance back to pre-crisis levels

The World Bank’s Country Director for Turkey, Ulrich Zachau, said Turkey’s employment levels have returned pre global financial crisis level and the economy is on course to return to growth.

Zachau said “rising exports helped Turkey in its recovery,” with EU being a major market for those exports.

Zachau went on to say “Turkey receives foreign loans to finance investments and a 7 percent high growth rate is expected. GDP is also better than pre-crisis levels with the added-value of the growing economy. Turkey is one of the few countries that are actually performing better than they were before the financial crisis” adding “Turkey is an excellent choice for investments with its favourable investment and business environment.”

17 November 2010 Invest in Turkey (Dunya)

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