Babacan says Turkey GDP figures 'more positive' than expectations

Based on Wednesday's figures, we can state that the year 2009 was far better than predictions, Babacan said.

Babacan says Turkey GDP figures 'more positive' than expectations

Turkish State Minister for the economy and Deputy Prime Minister Ali Babacan said Wednesday that the Gross Domestic Product (GDP) figures announced by the Turkish Statistical Institute (TurkStat) regarding the fourth quarter of 2009 were more positive than expectations.

Based on Wednesday's figures, we can state that the year 2009 was far better than predictions, Babacan stressed.

Evaluating TurkStat's figures, Babacan said that the trend of (positive) growth in 2009 would continue in 2010.

We expect Turkey to grow more than 3.5 percent in 2010 as it was indicated in our Medium Term Program, Babacan noted.

Turkey's passing through the global financial crisis successfully was made possible thanks to strong structures erected in the economic and financial fields, Babacan stressed.

We expect the Turkish economy to continue to grow in the upcoming medium term, Babacan also said.

Turkey shrank 4.7 percent year-on-year in 2009, however it grew 6 percent in the last quarter of 2009 over the same period of 2008, according to TurkStat.

The GDP was 953.9 billion Turkish liras (TL) (635.9 billion USD) in current prices in 2009.

AA

Güncelleme Tarihi: 31 Mart 2010, 12:25

SeydiAli

YORUM EKLE