Turkey may boast the world’s second highest economic growth rate and the first highest in Europe in 2012, Vice-Premier Ali Babajan said, RIA Novosti reports.
Turkey is the leader among members of the Organization for Economic Development, the G20 and the EU. The economic growth rate was achieved by the private sector, as seen in indicators of Q3 2011.
Turkish Minister for Industry Nihat Ergin said that Turkey goes after China. It had an economic growth rate of 8.2% in three quarters and 9.6% in the first 9 months of 2011.
The economic growth in 2011 will reach 8%, and in 2012 – 4%.
The IMF forecasted a rate of 2-2.5% in 2012.
Turkish Minister for Economic Development Jevlet Yilmaz said at the parliament on Monday that one of the main goals is reduction of the deficit of payments. A stable bank infrastructure would attract the international society to Turkey.
The GNP of Turkey increased by 8.2% in three quarters of 2011, compared with the same period in 2010. Average income per capita is about to reach $11,000. Highest growth was registered in finances (13.1%), industry (10%), construction (12.7%), services (10.4%), transport and communications (11.6%), trade (13.6%).
