Turkish GDP may grow ‘close to 5 percent,’ Yılmaz says.

The Turkish Central Bank Governer Yilmaz said January 20 that Turkey’s economy may expand “close to 5 percent” in 2010. “Turkey needs external financing ‘for growth purposes,’ not to help the country manage any economic crisis,” Yılmaz said.

CBT Governor Yilmaz’s statement about GDP growth is in line with the government’s “conservative” prediction of a 3.5 % expansion based on its medium-term economic plan. His comments are also consistent with the judgment of several independent analysts who judge the value of an IMF stand-by agreement in terms of an addition 1-1.5% rate of growth that would come with an agreement. 

Source: Hurriyet Daily

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