Turkish business world concerned over external risks in 2011

Turkish business world says it is hopeful about 2011, however, external risks may threaten Turkish economy next year.

Turkish business world concerned over external risks in 2011

Turkish business world says it is hopeful about 2011, however, external risks may threaten Turkish economy next year.

As global economic crisis' impact on USA and Europe continues, Turkey, which is currently among the fastest growing economies in Europe, is expected to carry on with its performance in 2011, representatives of the Turkish business world told AA on Wednesday.

Haluk Dincer, deputy head of Turkey's top business organization TUSIAD, said that interest rates were expected to remain at current levels and the confident atmosphere would continue in Turkey in 2011 unless there were any external shocks.

Dincer said his organization expected Turkey's growth rate to reach 5 percent and inflation rate to be around 7 percent in 2011.

The official also noted that he expected the upcoming general elections to have a positive effect on Turkish economy.

Moreover, Tanil Kucuk, chairperson of Istanbul Chamber of Industry (ISO), said present indicators showed that Turkey would close the year 2010 with a 7-8 percent growth figure which would most probably be the highest rate among European countries.

Commenting on the upcoming year, Kucuk said that the first half of 2011 would be relatively calm, while the second half of the year was expected to be more vivid for Turkish economy.

"We believe growth will continue in 2011 and Turkey will catch the 4.5 percent growth rate envisaged in the economic program. However, growth rates around 4-5 percent is not sufficient for Turkey. In order to solve its economic and social problems, and particularly to overcome the unemployment issue, Turkey should have higher growth figures," Kucuk said.

Mehmet Buyukeksi, head of Turkish Exporters' Assembly (TIM), said that his organization aimed at reaching a higher exports figure than the one laid down in the medium term plan in 2011.

Buyukeksi said exporters should be supported in order to achieve such goal.


AA

Last Mod: 15 Aralık 2010, 14:44
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