Boom Market Turkey: Overheating or an Investment Opportunity?

Businessn.a. ♦ Published: February 11, 2013; 12:18 ♦ (Vindobona)

Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.

Boom Market Turkey: Overheating or an Investment Opportunity? / Picture: © Vindobona.org

Economic development in Turkey continues to advance by leaps and bounds. After economic growth of 2.5% was recorded last year, Erste Group analysts anticipate approximately 4% growth this year. Compared to the euro zone, where 0.1% are currently expected, this is an enormous lead. Growth in Turkey will once again be strongly shaped by domestic demand, as not much is to be expected from…