The Turkish government’s economy masters admit Turkey will miss its 4 percent growth target for 2012. However, the global atmosphere is gloomier with the IMF planning to cut its projection on world data, the Hurriyett reports.
Turkey has unofficially pulled its 2012 growth forecast down to between 3 and 4 percent, according to fresh statements by both Cabinet ministers and the Central Bank governor.
The news comes at a time when the International Monetary Fund prepares to cut its global forecast dramatically and the World Trade Organization revises its global trade growth forecast sharply.
The Turkish economy will grow slightly over 3 percent, Finance Minister Mehmet Şimşek said in an interview broadcast on CNN International.
2012 growth slower than forecast in Turkey and world
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