Turkey recession-proof country amid fast-growing markets: British report

British "RealBusiness" magazine described Turkey as a recession-proof country with a rapidly developing economy that has stood strongly against the global financial crisis.

Turkey recession-proof country amid fast-growing markets: British report

British "RealBusiness" magazine described Turkey as a recession-proof country with a rapidly developing economy that has stood strongly against the global financial crisis.

RealBusiness mentioned Turkey as one of the three exciting and fast-growing markets in the world among with Belgium and Panama.

"Turkey is expected to be one of the world's top ten economies by 2050. It is already an incredible place to do business. With a population of 72 million, some 50 per cent of the workforce is under 28, which gives the region, especially city of Istanbul, an incredible energy. And, for foreign firms looking to set up camp in the city, there is a significant pool of cheap graduates to cherry-pick from," RealBusiness said.

"Geographically, it is strategically placed as a unique link between Europe, Asia and the Middle East. This gives businesses there access to two economies: the sophisticated (though now, fatally flawed) western economies of the EU countries, and the growing, lesser developed opportunities in the Middle East and former Soviet Union," RealBusiness said.

"And unlike Britain, over the past decade Turkey has dramatically curtailed government debt, reduced inflation, and seen an almost miraculous recovery since the financial crisis in 2001," RealBusiness said.

"Flourishing sectors in Turkey include: environmental services; financial services; agriculture; and ICT (information and communication technologies)," the magazine also said.

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Last Mod: 14 Şubat 2009, 15:36
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