Minister expects over 3.5 pc-growth rate for Turkey

Babacan said Turkey would revise official growth projections within a few months.

Minister expects over 3.5 pc-growth rate for Turkey

The Turkish state minister forecast on Wednesday Turkey's growth rate over 3.5 percent.

Turkey's State Minister and Deputy Prime Minister Ali Babacan said Turkey would revise official growth projections within a few months, and said Turkey was heading towards a better growth rate.

"Even if there is not any deal with the IMF, every one says that the growth rate will be much more higher than 3.5 percent," Babacan told the private CNN channel.

Babacan said the IMF had projected Turkey's growth around 3.7 percent.

Also, Babacan said unemployment rate in Turkey, which used to be around 10-11 percent, rose to 14 percent in 2009.

Babacan said the number of jobless people was up 30 percent due to this unemployment rate.

The minister said Turkey had launched vocational training programs and short labor appropriation practice.

"If we had not implemented them, unemployment in Turkey would be much more higher than 14 percent," Babacan also said.

On March 8, the Central Bank of Turkey revised the year-end growth in Gross Domestic Product (GDP) up to 4.4 percent from 4.3 percent as growth rate for end-2010 is estimated as 3.9 percent.

The Turkish statistical board, TurkStat, said Turkey shrank 3.3 percent in the third quarter of 2009, over the same period of 2008.


AA

Güncelleme Tarihi: 17 Mart 2010, 13:54

SeydiAli

YORUM EKLE