{"id":45079,"date":"2011-10-13T06:44:02","date_gmt":"2011-10-13T03:44:02","guid":{"rendered":"http:\/\/www.turkishnews.com\/en\/content\/?p=45079"},"modified":"2016-12-28T16:07:51","modified_gmt":"2016-12-28T13:07:51","slug":"turkey-experienced-demand-explosion-minister-simsek-says","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2011\/10\/13\/turkey-experienced-demand-explosion-minister-simsek-says\/","title":{"rendered":"Turkey Experienced Demand \u2018Explosion\u2019, Minister Simsek Says"},"content":{"rendered":"<p>By Ali Berat Meric<\/p>\n<p>Oct. 12 (Bloomberg) &#8212; Turkey experienced an \u201cexplosion\u201d in domestic demand this year and an extraordinary increase in investment, Finance Minister Mehmet Simsek said.<\/p>\n<p>Economic growth would have been 15.6 percent in the first half if net exports were excluded, Simsek said in a speech in Istanbul today. The economy is now slowing and the current account deficit, which reached unsustainable proportions, will narrow, Simsek said.<\/p>\n<p>The current account gap has peaked at 9.5 percent of gross domestic product and will decline to below that level by the end of the year, Simsek said. The deficit is expected to fall further in 2012, he said.<\/p>\n<p>To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net<\/p>\n<p>To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net<\/p>\n<p>via Turkey Experienced Demand \u2018Explosion\u2019, Minister Simsek Says &#8211; Businessweek.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ali Berat Meric Oct. 12 (Bloomberg) &#8212; Turkey experienced an \u201cexplosion\u201d in domestic demand this year and an extraordinary increase in investment, Finance Minister Mehmet Simsek said. Economic growth would have been 15.6 percent in the first half if net exports were excluded, Simsek said in a speech in Istanbul today. The economy is [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":66059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846],"tags":[4538],"class_list":["post-45079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mehmet-simsek"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/45079","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=45079"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/45079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/66059"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=45079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=45079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=45079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}