Turkey achieves economic growth rate 'above expectations'

Turkey's deputy prime minister said that Turkey had achieved an economic growth rate above expectations and its inflation figures were in decline.

Turkey achieves economic growth rate 'above expectations'

 

Turkey's deputy prime minister said on Monday that Turkey had achieved an economic growth rate above expectations and its inflation figures were in decline.

Commenting on the declining inflation figures made public today by Turkey's statistics authority, TurkStat, Turkish State Minister & Deputy Prime Minister Ali Babacan said, "While Turkish economy has achieved a strong domestic demand performance and an economic growth rate higher than expected in 2010, inflation is also in decline. This is a very positive development".

Babacan underscored that there had been a decline in all inflation figures including core inflation.

"Such developments show that basic inflation indicators are in accordance with medium-term targets," the minister noted.

Turkey's statistical board, TurkStat, announced on Monday that Turkey's annual inflation rose by 8.37 percent in consumer prices and by 7.64 percent in producer prices as of June 2010.

The monthly inflation fell by 0.56 percent in consumer prices and by 0.5 percent in producer prices in June, TurkStat also said.
 

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Güncelleme Tarihi: 05 Temmuz 2010, 15:21
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