Report: "Foreign investors are confident in Turkish growth"

Foreign investors in Turkey believe Turkey's growth will stay steady, according to a new study by the International Investors Association (YASED). "The main concern of foreign investors in Turkey is still the [lack of] implementation of existing laws," YASED Vice Chairman Adnan Nas told reporters yesterday, at a meeting in Istanbul presenting the Barometer 2011 report. "Their second concern is local economic and political instabilities," YASED Secretary General Ozlem Ozyigit said at the meeting. As in previous reports, investors think bringing down unemployment should be the government's priority, she added. They are also worried about a possible new recession in international markets, she said. The report said Turkish growth would stay unchanged, according to some 56 percent of foreign investors in the country. Some 68 percent also think the global growth rate won't change. Economists forecast growth in Turkey this year of around 7 percent.