Turkey's govt expects growth rate as 3.2 pct

Babacan said that according to the program, the year-end inflation target was 7.4 percent.

Turkey's govt expects growth rate as 3.2 pct

World Bulletin / News Desk

Turkish deputy premier said on Tuesday that Turkey's growth rate was expected to be 3.2 percent in 2012.

"We expect the growth rate to be 4 percent in 2013 and 5 percent each in 2014 and in 2015," Deputy Prime Minister Ali Babacan said when he announced the medium-term program of Turkey for the period between 2013 and 2015.

For the first time Turkey's unemployment figure was lower than the OECD average, he said.

Medium-term program aimed to increase economic growth and employment and decrease current account deficit despite problems in global economy, the deputy premier said.

Babacan said that according to the program, the year-end inflation target was 7.4 percent.

Babacan said they expected the year-end current account deficit to drop to 7.3 percent and the figure would decrease to 6.5 percent at the end of 2015.

Turkish economy would keep growing in 2013 as well, he said, adding that 2013 would be a better year than 2012.

Güncelleme Tarihi: 09 Ekim 2012, 13:32
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