Raiser predicts economic growth of 4% for Turkey in 2013

World Bank's country director for Turkey, Martin Raiser, said yesterday that Turkey's economic growth will reach 4 percent this year and projected the inflation rate would decrease slowly to 6.1 percent in 2013 and 5.2 percent in 2014. "Turkey's economy had a soft landing in 2012 for the first time in the country's recent economic history, with external and internal balances improving significantly. Despite the adjustment, the current account deficit remains large and Turkey's dependence on short-term financing is a critical vulnerability," the World Bank said in an economic note on Turkey, published twice yearly.