Turkish govt takes measure to avoid any economic impact of referendum

Erdogan said that government has taken necessary measures to avoid possible negative economic impacts of referendum to be held on September 12.

Turkish govt takes measure to avoid any economic impact of referendum

 

Turkish Prime Minister Recep Tayyip Erdogan said Tuesday that his government has taken necessary measures to avoid possible negative economic impacts of referendum to be held on September 12 and general elections scheduled for July 2011.

"We have been implementing these measures quite strictly," Erdogan told a meeting of his ruling Justice & Development (AK) Party.

Referring to Turkish economy's 11.7 percent Q1 growth announced last week, Erdogan said Turkey has become the 4th fastest-growing economy in the world and fastest in Europe and among OECD countries.

He said, "it is a sign of how firmly we control the economy."

Erdogan also estimated that Turkey's national income would reach 652 billion USD at the end of the year if Turkish economy continued to grow at the same pace.

"Exports rose 34.5 percent in May when compared with the same month of 2009. Industrial production index recorded a significant growth, climbing 15.6 percent in May and 17 percent in the first five months," he said.

"Despite the global financial crisis, rate of public net debt stock to national income was kept at 45 percent in the last two months. It was 73.7 percent in 2002 and 45.4 percent in 2009. Again, rate of budget deficit to national income is at 4.5 percent," Erdogan said.

"These two figures are basic indicators of economic reliability," he added
 

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Güncelleme Tarihi: 13 Temmuz 2010, 18:22
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