Ergun: Economic leap seeds hope for future

As revealed by official data, Turkey's economy has surpassed the expectations in the second quarter of this year by registering a 4.4 percent year-on-year growth in constant prices in its gross domestic product (GDP), owing to an increase in the stocks of industrial manufacturers and a solid domestic demand. Commenting on this economic achievement, Science, Industry and Technology Minister Nihat Ergun stated as follows: "The economic growth Turkey has recorded so far is above our expectations as our Ministry's foresaw this economic leap around 3.9 percent and this achievement seeds hope for future. The dynamics of Turkish economy enable us to reach these figures in the long run, as well. Turkey's current economic growth expectation is around 4 percent in the medium term; however this is an average figure and it is possible to record a growth below or above this figure depending on the economic conjecture."