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TURKEY 2018 Population, million 81.4 GDP, current US$ billion 773.7 GDP per capita, current US$ 9,505 Life Expectancy at Birth, years (2018) 76.0 Turkey’s economic and social development performance since 2000 has been impressive, leading to increased employment and incomes and making Turkey an uppermiddle-income country. However, growing economic vulnerabilities and a more challenging external …

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ANKARA (Reuters) – Turkey raised its economic growth forecast on Monday to an ambitious 5% for next year, and lowered its inflation outlook to 8.5%, as the government sketched out a relatively quick rebound from recession that manages not to stretch the budget. A presentation by Treasury and Finance Minister Berat Albayrak showed the major …

Turkey sees ambitious return to 5% growth next year Read More »

European Council’s report, “Autumn 2019 Economic Forecast,” on Nov. 7 raised its growth expectation for Turkey’s GDP this year from minus 2.3 percent to 0.3 percent. The report, of which previous version was released last Spring, also expected that the Turkish economy will grow 3.1 percent in 2020 and 3.5 percent in 2021. Meanwhile, the report’s previous …

EU Council raises Turkey’s GDP growth forecast for 2019 Read More »