Turkey has dynamic economy, IMF executive Lipsky

October 13, 2009, Tuesday/ 12:28:00
An International Monetary Fund (IMF) executive said on Tuesday that Turkish economy could again have a strong growth next year as the country had a dynamic economy.

In an exclusive interview with the Anatolia news agency, IMF First Deputy Managing Director John Lipsky said Turkish economy was negatively affected by the global crisis like the other developing countries.

Lipsky said negative impacts of the global crisis would continue to be seen in Turkish economy this year.

IMF first deputy managing director said Turkish economy would have a rapid recovery next year in parallel to the recovery in global economy.

Lipsky said Turkey would have to deal with unemployment problem like all the other developing countries and pointed to the importance of short and long term economic measures in fight against unemployment.

He underlined that Turkey should achieve economic growth again to solve unemployment problem.

According to IMF's recent macro economic estimations, Turkey would shrink 6.5 percent in 2009, whereas it would grow 3.7 percent in 2010. Inflation would be 6.2 percent this year and 6.8 next year.

Separately, economists of IMF and World Bank estimated that Turkey could reach 5 percent economic growth in 2010 in case global conditions improve, recovery accelerates and Turkey's foreign trade volume rises.

Experts said Turkey would be in the position of "The Rapidly Growing Country of Rising Europe" in 2010.

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