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Sunday, June 27, 2010

Turkey Growth Surge Claws Back Most of Output Lost After Lehman Collapse - Bloomberg

"Turkey Growth Surge Claws Back Most of Output Lost After Lehman Collapse
By Steve Bryant - Jun 27, 2010

Turkey’s economy probably grew at the fastest pace in almost six years in the first quarter, clawing back most of the output lost after the 2008 collapse of Lehman Brothers Holdings Inc.

Growth accelerated to an annual 11 percent from 6 percent in the previous three months, according to the median estimate of 11 economists surveyed by Bloomberg. That would be the second-fastest growth among the Group of 20 major economies, lagging behind only China. The statistics office will release the figures in Ankara at 10 a.m. on June 30."

More:Turkey Growth Surge Claws Back Most of Output Lost After Lehman Collapse - Bloomberg