18 °C

IMF: "Turkey will become the world's 16th-largest economy"

IMF: "Turkey will become the world's 16th-largest economy"

IMF: "Turkey will become the world's 16th-largest economy"

Five years from now, Turkey will have the world's 16th-largest economy, according to the International Monetary Fund. Under IMF projections for 2008-20013, Turkey's gross domestic product (GDP) in terms of purchasing power parity will increase to $942 billion by year's-end, and reach $1.3 trillion by 2013.