Nov 10 2017

Turkish growth may hit 15% - columnist

Turkey’s economy may expand 15 percent in the third quarter of this year because of government measures to help small and medium-sized enterprises and manufacturers, according to Kerem Alkın, an economist and board member of the nation’s wealth fund.

Prime Minister Binali Yıldırım has already stated that there is a strong possibility that the economy will grow by about 10.2 percent during the period. Mathematical calculations indicate the expansion could be much higher, Alkın wrote in the Sabah newspaper.

A growth strategy focused on local resources in energy and intermediate goods provides hope that economic expansion can continue apace and that price increases and the current account deficit can be contained, Alkın said.

Government tax reductions on various goods and services have had a strong impact on production, particularly of durable goods, he said.

As the year comes to a close, our performance in economic growth will ensure Turkey will be an important matter of discussion among international economic circles.

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