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Turkish PM predicts year-end growth at 3.2 pct.

Turkish PM predicts year-end growth at 3.2 pct.

 

 

Turkish Prime Minister Recep Tayyip Erdogan yesterday estimated that Turkey would grow 3.2 percent in 2012, adding the figure was only 0.1 points below a global growth expectation of 3.3 percent.  Erdogan said Turkey was estimated to grow 4 percent in 2013 and that the Turkish government targeted a five percent growth rate for 2014 and 2015.   Erdogan said public debt-to-GDP ratio was reduced from 61.5 percent in 2012 to 22.4 percent in 2011, and that the figure was expected to stand around 18 percent in 2012.  

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