IMF revises its projections about Turkey growth

Lewis said Turkey's Q2 growth figures were higher than projections.

IMF revises its projections about Turkey growth

An International Monetary Fund (IMF) executive said on Friday that the fund had revised its projections about Turkey's growth.

Mark Lewis, IMF's senior representative in Turkey, said the fund had reviewed its projections about Turkey's growth and the IMF forecast a real 7.5 percent of rise in the Gross Domestic Product (GDP) in Turkey.

The IMF projects 2.5 percent of growth in Turkey in 2012, Lewis told a press conference in Istanbul after presentation of IMF's updated "World Economic Outlook Report".

The previous projections were 6.5 and 2.25 percent respectively.

Lewis said Turkey's Q2 growth figures were higher than projections, and therefore the IMF revised its projections about Turkey by taking into consideration all macro-economic environment, inflation, and current account deficit.

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Last Mod: 23 Eylül 2011, 12:43
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