IMF estimates Turkey growth rate for 2011 at 6.6 points

The Fund's GDP estimation for Turkey in a previous report released was 4.6 percent for 2011 and it was 4.5 percent for 2012.

IMF estimates Turkey growth rate for 2011 at 6.6 points

Turkey's economy will grow by 6.6 percent in 2011 and 2.2 percent in 2012, according to a IMF report on the global economic outlook.

The Fund's GDP estimation for Turkey in a previous report released was 4.6 percent for 2011 and it was 4.5 percent for 2012.

The report said consumer prices would increase 6 percent this year and it would stand at 6.9 percent in 2012. IMF's previous estimations for Turkey consumer prices was 5.7 percent for 2011 and it was 6 percent for 2012.

The report said current account balance/GDP ratio would increase to -10.3 percent in 2011 and it would drop to -7.4 percent in 2012. The previous report estimated that the figure would stand at -8 percent for 2011 and at -8.2 percent for 2012.

The report said unemployment in Turkey was expected to stand at 10.5 percent this year and it would increase to 10.7 percent in 2012. Previously, the fund estimated that unemployment would be 11.4 percent in 2011 and it would be 11 percent in 2012.

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Last Mod: 20 Eylül 2011, 16:48
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