Posted by meb at November 1st, 2008

The Turkish government has set its economic growth target at 4 percent and forecasts an inflation rate of 7.5 percent for 2009.

Turkey’s economic program for 2009 was published in the Official Gazette on Friday. The government estimated that Turkey’s gross domestic product (GDP) would reach $788.4 billion. The budget was prepared in Turkish lira (TL) because the TL will replace the new Turkish lira (YTL) as of the beginning of 2009.

According to the program, Turkey’s exports will reach $149 billion and imports $232.5 billion, while the foreign trade deficit will amount to $83.5 billion.

It also forecasts a current account deficit of $50.4 billion for the next year. The government’s program predicted Turkey’s population will reach 72.2 million in 2009 and that the national income per capita will stand at $14,761. National income per capita is expected to be $13,998 by the end of 2008.
source: Today’s Zaman

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