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Monday, January 24, 2011

Turkey: Is it still an EM gem?

"Turkey: Is it still an EM gem?

by Atholl Simpson on Jan 24, 2011 at 11:48
Turkey: Is it still an EM gem?

Recent figures show the International Monetary Fund (IMF) has cut Turkey’s GDP growth prospects by more than half for 2011 and with the country’s accession to the European Union still in doubt, is Turkey still a promising investment?

From a recorded GDP growth of 7.8 % in 2010, the IMF has slashed its outlook for Turkey for this year to 3.6 %. Despite this drastic cut, a number of fund managers in the emerging markets Europe sector still have a sizeable exposure to the country. "

More:Turkey: Is it still an EM gem? - Citywire