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Wednesday, November 04, 2009

EU forecasts 5.8 pct contraction for Turkey

"EU forecasts 5.8 pct contraction for Turkey

Releasing its economic forecast for the autumn period, the European Commission forecasts a gross domestic product contraction of 5.8 percent for Turkey this year. The report also foresees 2.8 percent growth for 2010 and 3.6 percent growth for 2011, well below the country’s potential"

More:EU forecasts 5.8 pct contraction for Turkey - Hurriyet Daily News and Economic Review