World Bank increases GDP forecast for Turkey

Posted on 09 June 2011

9 June 2011 – The World Bank (WB) Global Economic Prospects has again increased Turkey’s growth forecast from 4.1 Percent to 6.1 percent for 2011.

WB’s growth forecast remaining at 3.2 Percent for 2012 to 2013 globally, however the Global Economic Prospects expects Turkey’s GDP also to grow at 5.1 Percent for 2012 and 5.3 Percent for 2013. WB believes this performance is because Turkey has recovered from the global financial downturn quicker than most countries.

The report concludes the financial crisis is no longer a drag for growth rates in emerging or developing countries with an average GDP growth rate of 7.3 Percent. With a GDP of 8.9 Percent for 2010, Turkey is one of the world’s fastest growing economies.

Source Invest in Turkey

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