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12% Growth in Turkey Economy

Written by Turkey Property Experts Saturday, 04 February 2012 12:15

Economy Minister Zafer Çağlayan said on Friday that Turkey’s exports will show a better-than-targeted performance in 2012 and are now expected to grow by 12 percent to exceed the $150 billion mark by the end of the year.

Noting that export growth was predicted to reach between 10 and 11 percent in 2012, Çağlayan said the revised expectation of 12 percent derives from monthly data provided by the Turkish Exporters Assembly (TİM). The minister stressed that the countries given high grades by leading credit rating agencies are in need of help, but Turkey has become a country that sets an example with its economy despite its lower rating. He feels there is a misunderstanding in society that if imported goods are not bought, then exports cannot be sent and added that imported goods are being used by all kinds of people in society. He also said the government wishes for the country to use high technology in all aspects of life.

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