Turkish Minister forecasting 5% annual growth in economy
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Last Updated: Sep 26th, 2007 - 13:00:23

Turkish Minister forecasting 5% annual growth in economy
May 4, 2005

Top finance officials in Turkey are forecasting 5 percent annual growth for the next 3 years as Turkey puts in place economic reforms critical to its EU bid. Last December the 25-member EU in December agreed to accession talks with Turkey after Turkey had show a start to significant political and economic reforms. The projected growth is expected to be driven largely by private sector activity and strong exports. The economy minister Babacan stated that Turkey was committed to expanding political and economic reforms critical to Turkey realizing its goal of entering the European Union. In 2001, Turkey suffered one of its worse financial crises but has gradually been recovering.

Source - AFP May 3, 2005

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