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Turkey's growth forecast 4 pct in 2009
Turkish government set its economic growth target as 4 percent and forecast inflation rate as 7.5 percent for 2009.
Friday, 31 October 2008 15:42

Turkey's economic program for the year 2009 was published in the Official Gazette on Friday.

The government estimated that Turkey's gross domestic product would reach 1.111 trillion TL, or 788.4 billion USD. The budget has been prepared in TL since TL will replace the YTL as of the beginning of 2009.

According to the program, Turkey's exports will reach 149 billion USD and imports will stand at 232.5 billion USD, a 83.5 billion USD of foreign trade deficit.

It also forecasts a current account deficit of 50.4 billion USD for the next year.

Government's program predicted Turkey's population as 72.2 million and national income per capita as 14,761 USD in 2009. National income per capita is expected to stand at 13,998 USD at the end of 2008.


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