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Thursday, March 31, 2005

REPORTER.GR:Turkey: Economy grows 9.9% pct in 2004

"Turkey: Economy grows 9.9% pct in 2004

12:01 - 31 March 2005 - Turkey's gross national product grew by 9.9 percent in 2004, almost doubling the government target, the State Statistics Institute announced Thursday.

The figure was in line with a forecast of the Organization for Economic Cooperation and Development (OECD), which said the country should achieve 10-percent growth at the end of 2004.
The Turkish government had set its formal target at 5.0 percent under a tight economic recovery program backed by multi-billion-dollar loans from the International Monetary Fund (IMF). "