President Gul: Turkey's economy grew since 2002

Turkish President Abdullah Gul said on Wednesday that Turkish economy entered into a continuous and high growing process since the first quarter of 2002.

President Gul: Turkey's economy grew since 2002
"Turkish economy's real growth in 2002-2007 was seven percent, and national income reached to 659 billion USD," added Gul who spoke at the "15th World Economy Congress" in Istanbul.

Gul said that global economy caught an important momentum in the aspect of growth since the beginning of 2000s. He added that Turkish economy also entered into a growth process similarly.

He said that Turkey had become the 17th biggest economy of the world and 6th of Europe.

Gul said that chronic high inflation rates were overcome in Turkey, and the rates dropped to single digit figures after long years of high inflation.

Gul said that direct foreign investments in Turkey, which were 6.2 billion USD in 1990-2000 period, exceeded 52 billion USD in 2002-2007 period.

Last Mod: 25 Haziran 2008, 12:22
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