Turkey economic growth Q2 2012

World Economic outlook - Turkey economic growth Q2 2012 : Turkey’s economy expanded at the slowest pace since 2009 in the second quarter, reinforcing expectations of a rate cut from the central bank.

Gross domestic product grew 2.9 percent in the second quarter from a year earlier, slower than the median estimate of 3.1 percent in a Bloomberg survey of 12 economists, the state statistics office in Ankara said on its website today. First- quarter growth was revised to 3.3 percent from 3.2 percent.

Turkey inflation rate forecast 2012

World Economic outlook - Turkey inflation rate forecast 2012 ; Central Bank of Turkey Governor Erdem Başçı has said Turkey is likely to have an inflation rate close to the targeted 5 percent next year as the upward pressure that emerged from a weaker Turkish lira and higher commodity prices eases.

In a press conference he held on Tuesday in Ankara to discuss the bank's monetary and exchange rate policy in 2012, Başçı also said the targeted inflation rates for 2013 and 2014 would also be set at 5 percent in line with the government's Medium-term Economic Program (OVP).

turkey economic growth outlook 2012

World Economic outlook - turkish economic growth outlook 2012 : Turkey may beat the 4 percent economic-growth target set out by the government for next year as its current-account deficit ceases to be a risk, Industry Minister Nihat Ergun said.

The government will identify areas that are contributing to Turkey’s 12-month cumulative trade deficit of $78.6 billion, or about 10 percent of gross domestic product, and create investment incentives to plug the gap, Ergun told reporters in televised remarks from a conference in Istanbul today.