{"id":26220,"date":"2010-11-20T00:15:08","date_gmt":"2010-11-19T22:15:08","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=26220"},"modified":"2016-12-28T16:09:20","modified_gmt":"2016-12-28T13:09:20","slug":"oecd-forecasts-turkey-growth-as-8-2-pc-in-2010","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2010\/11\/20\/oecd-forecasts-turkey-growth-as-8-2-pc-in-2010\/","title":{"rendered":"OECD forecasts Turkey growth as 8.2 pc in 2010"},"content":{"rendered":"<p>The biannual OECD report on economic outlook by countries said Turkey&#8217;s recovery which started in the second quarter of 2009 has remained strong during 2010.<\/p>\n<p>Thursday, 18 November 2010 16:10<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-26225\" src=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2010\/11\/oecd.jpg\" alt=\"\" width=\"250\" height=\"190\" \/>The Organization for Economic Cooperation and Development, OECD, forecast that Turkey would grow by 8.2 percent in 2010, 5.3 percent in 2011 and 5.4 percent in 2012.<\/p>\n<p>The biannual OECD report on economic outlook by countries said Turkey&#8217;s recovery which started in the second quarter of 2009 has remained strong during 2010.<\/p>\n<p>&#8220;GDP growth is projected to exceed 8 percent this year, and to remain above 5 percent in 2011 and 2012 as the post-crisis rebound of exports, consumption and investment tapers off,&#8221; the report said.<\/p>\n<p>The authorities have announced that both fiscal and monetary policy will be tightened gradually, and a prudent medium-term economic program was published in October, it recalled.<\/p>\n<p>&#8220;Any additional gains from stronger-than-projected growth should be saved, to avoid pro-cyclical spending. Continuing with structural reforms to boost productivity and job creation in the formal sector would help anchor more balanced and sustainable growth,&#8221; it said.<\/p>\n<p>The report forecasts that Turkey&#8217;s current account deficit would increase until 2012. It estimates the deficit will stand at 5.1 percent this year, 5.7 percent in 2011 and at 6.3 percent in 2012.<\/p>\n<p>According to the OECD report, unemployment rate will be seen at 12 percent in 2010, and then show a gradual decline at 11.7 percent in 2011 and 11 percent in 2012.<\/p>\n<p>It also sees hike in consumer prices at 8.5 percent this year, 6.9 percent in 2011 and 6.4 percent in 2012.<\/p>\n<p>AA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biannual OECD report on economic outlook by countries said Turkey&#8217;s recovery which started in the second quarter of 2009 has remained strong during 2010. Thursday, 18 November 2010 16:10 The Organization for Economic Cooperation and Development, OECD, forecast that Turkey would grow by 8.2 percent in 2010, 5.3 percent in 2011 and 5.4 percent [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":26225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846],"tags":[4402],"class_list":["post-26220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-oecd"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/26220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=26220"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/26220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/26225"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=26220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=26220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=26220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}