Turkish minister says Turkey to grow 7-8% in 2011

Caglayan said that Turkey's exports rose by 19 percent in the second quarter of 2011 compared to the same period of 2010.

Turkish minister says Turkey to grow 7-8% in 2011

Turkish economy minister said on Monday that Turkey's economy grew more than expected in the second quarter and it would probably grow 7-8 percent in 2011.

Economy Minister Zafer Caglayan made remarks on growth figures of Turkish economy in the second quarter and said that Turkish economy grew 8.8 percent in the Q2 of 2011 and it was beyond expectations. Caglayan said that Turkey kept achieving its goals regarding economy with stability and confidence.

Industrial production index, capacity utilization rates and export figures for the first six months of the year showed that Turkey was advancing on its path with sound steps, he said.

Caglayan said that Turkey's exports rose by 19 percent in the second quarter of 2011 compared to the same period of 2010.

Economy minister said that the number of tourists rose by 11.4% and tourism incomes also increased by 17.9% year-on-year in the second quarter of 2011.

Caglayan said that current account deficit which was 7.6 billion U.S. dollars in June 2011 decreased to 5.3 billion U.S. dollars in July.

"Current deficit has started to decrease thanks to resolute policies by the government and measures taken by the Central Bank," he added.

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Last Mod: 12 Eylül 2011, 14:32
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