"Turkey’s Economic Prospects: As Good As it Gets?
Refik Erzan International Economic Bulletin, June 29, 2010
Prime Minister Erdogan’s prophecy that the global crisis would “pass Turkey tangentially” was not quite accurate: Turkey suffered a 4.7 percent decline in GDP in 2009, compared to a decline of 2.4 percent in upper-middle-income developing countries. Nevertheless, the economy is expected to grow more than 6 percent this year, placing Turkey ahead of most countries."
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