World Bank's Katsu: "Turkey's economy is well-placed to weather the global economic turmoil"

Shigeo Katsu, vice president of the World Bank, said on Friday that Turkey's economy is in good condition to weather the current global financial crisis. Addressing a meeting on European and Central Asian economies, held as part of the annual International Monetary Fund-World Bank meetings in Washington, Katsu said, "Turkey is a very interesting country. It rebuilt and modernized its economy in the past seven years after going through a serious economic crisis in 2001." He added that the Turkish economy is more powerful now.