World Bank's Lin praises Turkey's economy

Turkey is in a process of dynamic development and its economy is steadily growing while inflation has fallen, said Justin Yifu Lin, chief economist and senior vice president of the World Bank, in Uzbekistan yesterday. Turkey's growth is continuous and sustainable, added Lin, partially thanks to government policies that are open to cooperation based on shared interests with other countries. Turkey also managed to bring once-sky high inflation under control. Asked about the debt crisis in Turkey's neighbor Greece, Lin said the World Bank is "closely watching" the situation and that Athens should rapidly implement austerity measures and cut spending deemed necessary by its lenders, the European Union and the International Monetary Fund.