Turk govt sees '07 growth not far from expectations

Turkey's year-end growth will not be far from expectations, Deputy Prime Minister Nazim Ekren said on Tuesday, implying that it would be below a five percent target after it dipped to 3.9 percent in the second quarter.

Turk govt sees '07 growth not far from expectations
Turkey's year-end growth will not be far from expectations, Deputy Prime Minister Nazim Ekren said on Tuesday, implying that it would be below a five percent target after it dipped to 3.9 percent in the second quarter.

Ekren, who is the government's economic coordinator, told reporters the cabinet was preparing an "urgent action plan" for the last three months of the year and the plan would include IMF-backed reforms.

"The growth figure for 2007 does not present a picture far from expectations," Ekren told a news conference.

The government targets 5 percent growth for this year while the market expects growth of 5.1 percent, according to the central bank's latest survey of expectations.


The government is also making final changes on an IMF-sought social security reform package and it will be submitted to parliament in the near future, Ekren said.

Reuters
Last Mod: 18 Eylül 2007, 16:29
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