EBRD estimes 'fastest growing' Turkey in E.Europe in 2010

The European Bank for Reconstruction and Development estimated that Turkey would be the fastest growing country in Eastern Europe in 2010.

EBRD estimes 'fastest growing' Turkey in E.Europe in 2010

The European Bank for Reconstruction and Development estimated that Turkey would be the fastest growing country in Eastern Europe in 2010.

In its twice-yearly report on 29 countries in which it invests, EBRD revised upwards its 2010 and 2011 growth forecast for the region that includes countries from central Europe to central Asia, including Turkey.

EBRD revised its 2010 growth forecast for Turkey from 3 percent to 4.7 percent with expectations for capital inflows following a recent rating upgrade. The bank predicted that Turkey would continue to grow in 2011 with an estimated 4 percent rate.

With an optimistic outlook on Turkish economy, the bank revised downward its negative growth forecast for 2009 from 6 percent to 5.6 percent.

According to EBRD prediction, Turkey will be the fastest growing country in Eastern Europe this year and it will be followed by Moldova with 4 percent growth, Russia with 3.9 percent, Belarus and Ukraine with 3 percent, Slovakia with 2.8 percent, Serbia with 2.4 percent, Poland with 2.3 percent and Macedonia and Albania with 2 percent.


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Last Mod: 23 Ocak 2010, 18:43
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