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Turkey: Economic Imbalances Become More Visible

Published: March 13, 2013; 20:04 · (Vindobona)

Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.

Turkey: Economic Imbalances Become More Visible / Picture: © Vindobona.org

In the last years, Turkey has recorded massive economic growth rates. The figures ranged from 7% to 9%. Last year, the GDP was up by 2.5%. As a result, Turkey´s economy does not tend to overheat.

However, the foreign trade balance and shows some weaknesses, the Turkish economist Mustafa Sönmez says. In 2011, the current account deficit has reached 10% of GDP. Last year, the…

This article includes a total of 223 words.

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