ID :
158339
Fri, 01/28/2011 - 17:00
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Shortlink :
https://oananews.org//node/158339
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EBRD says strong growth in Turkey in 2010 will carry on in 2011
LONDON (A.A) - In Turkey, the strong growth in 2010 is expected to carry over into 2011, said the European Bank for Reconstruction and Development (EBRD) in an economic report released Friday.
The report said domestic demand in Turkey growth will remain the key driver of growth as credit growth will continue to be strong despite recent measures to tighten reserve requirements.
"As a result, import growth is expected to increase, the current account deficit to widen further (increasingly financed by portfolio capital flows), and inflationary pressures to strengthen," EBRD said.
The bank added that economic recovery in the southeastern European continues will lag behind other transition regions, with the exception of Turkey.
The report said domestic demand in Turkey growth will remain the key driver of growth as credit growth will continue to be strong despite recent measures to tighten reserve requirements.
"As a result, import growth is expected to increase, the current account deficit to widen further (increasingly financed by portfolio capital flows), and inflationary pressures to strengthen," EBRD said.
The bank added that economic recovery in the southeastern European continues will lag behind other transition regions, with the exception of Turkey.
