OECD projects Turkey's growth as 3.3 percent in 2012

The report projects Turkey's unemployment rate as 9.5 percent in 2012, and 9.1 percent in 2013.

OECD projects Turkey's growth as 3.3 percent in 2012

World Bulletin / News Desk

Organization for Economic Cooperation & Development (OECD) projected that Turkey would grow 3.3 percent in 2012, and 4.6 percent in 2013.

According to economic outlook report of OECD for the first quarter of 2012, the ratio of Turkey's current account deficit to its gross domestic product would be 8.9 percent in 2012, and 8.4 percent in 2013.

The report projects Turkey's unemployment rate as 9.5 percent in 2012, and 9.1 percent in 2013.

The report also said that accelerating the structural reforms in production and business market would help reducing and re-balancing the pressure of inflation.

OECD is an international economic organization of 34 countries founded in 1961 to stimulate economic progress and world trade. It is a forum of countries committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and co-ordinate domestic and international policies of its members.

Güncelleme Tarihi: 22 Mayıs 2012, 11:17

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