World Bank applauds Turkish economy

Posted on 14 February 2011

Date: 25/01/2010
World Bank applauds Turkish economy

The World Bank’s Turkey Director Ulrich Zachau has spoken highly of the Turkish economy’s outlook for 2010, noting that it is undergoing a process of recovery.

The recovery started last year, said Zachau and went on to say, “Even though the official numbers have not been disclosed yet, the growth rate in the fourth quarter of 2009 seems to be on the positive side, compared to the same period a year ago.”

Speaking to the Anatolian news agency, the World Bank official shared his remarks regarding the Turkish economy’s performance in 2009 and its possible course this year. Zachau reiterated the World Bank’s official expectation of around a three to four percent growth rate in 2010 for Turkey, especially fueled by a reinvigoration in domestic consumption. “Indeed, the results of a set of recent surveys conducted among households and companies show an increasing optimism”, he said.

25 January 2010 Source Invest in Turkey (Today’s Zaman)


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