Turkey’s economic growth staging moderate recovery in 2013, World Bank report says
Written by The Sofia Globe staff on July 4, 2013 in Europe - No comments
Economic growth in Turkey in 2013 is forecast to remain below trend at an estimated 3.6 per cent according to the World Bank’s latest Turkey Regular Economic Brief issued on July 3 in the Turkish capital Ankara.
The Brief links moderate growth prospects to persistent global uncertain and the recent tightening of international liquidity, while pointing to signs of a revival in domestic demand. The Turkish government’s new Development Plan provides an opportunity to deepen structural reforms and thus mitigate external risks and increase potential growth growing forward, according to the World Bank report.
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