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Fund manager sees Turkey as post-crisis engine of global economic growth

Fund manager sees Turkey as post-crisis engine of global economic growth

Turkey, along with South Africa and the BRIC countries (Brazil, Russia, India and China), will drive global economic growth in the post-crisis period, according to Mark Mobius, the respected head of the Emerging Markets Group of Templeton Asset Management, one of the world's biggest hedge funds with assets worth $444 billion. Calling a double-dip recession for the world economy unlikely, Mobius said Turkey is set to play an important role in leading future global economic growth. "The global economic recovery is on track, and if the economic growth in emerging markets manages to resist the slowing recovery in Japan and the US, the global economic recovery may accelerate," he said.

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