Deputy PM: Turkey may see less than 5 pc growth rate in 2012

Babacan said that they may announce Turkey's medium run program either at the end of September or beginning of October.

Deputy PM: Turkey may see less than 5 pc growth rate in 2012

Turkish Deputy Premier Ali Babacan said Thursday that a growth rate of less than 5 percent in 2012 in Turkey should not be a surprise to any one.

Speaking on private Bloomberg HT TV channel, Babacan said that they may announce Turkey's medium run (economic) program either at the end of September or beginning of October.

We expect a growth rate of 6 percent for Turkey in 2011, Babacan said.

Touching on Turkey's current account deficit, Babacan underlined that the current account deficit would go down in 2012 compared to the year 2011.

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Last Mod: 08 Eylül 2011, 13:23
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