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Friday, December 19, 2008

World Bank says Turkish economy may shrink in 2009

"World Bank says Turkish economy may shrink in 2009

* Reuters, Friday December 19 2008

* World Bank says Turkey's economy may contract in 2009 or grow 2 percent at best
* Consumer confidence index falls to record low
* Top business group TUSIAD sees 1 percent growth in 2008

By Selcuk Gokoluk
ANKARA, Dec 19 (Reuters) - Turkey's once fast-growing economy could contract in 2009, according to a World Bank forecast, state-run Anatolian news agency said on Friday, and fresh data showed consumer confidence slumping to a record low."

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