Turkey among fastest growing G20 countries: Babacan

Turkish deputy premier said that Turkey had become the fastest growing country among G20 countries in the second quarter of 2010.

Turkey among fastest growing G20 countries: Babacan

 

Turkish deputy premier said on Tuesday that Turkey had become the fastest growing country among G20 countries in the second quarter of 2010.

After TurkStat, Turkish statistical authority, announced that Turkish economy grew 10.3 percent in the Q2 of 2010, State Minister and Deputy Prime Minister Ali Babacan said, "Turkish economy grew 11 percent in the first half of 2010. This figure showed Turkey is one of the fastest growing countries in the world."

Babacan also said that medium term program announced on September 16, 2009 made a remarkable impact on sound economic performance of Turkey for the last three quarters.

Turkey is among the fastest growing countries with its double-digit growth rate in the second quarter of 2010.

Singapore ranked the first with 19.3 percent of growth among countries that announced figures for the second quarter of 2010. Taiwan was the second one with 12.5 percent of growth rate and Turkey ranked the third with 10.3 percent.

With this figure, Turkey exceeded 1.9 percent EU and 2.8 percent OECD averages.

Turkish economy shrank by 7.6 percent in the Q2 of 2009.


AA

Last Mod: 14 Eylül 2010, 13:30
Add Comment