ECONOMY OF TURKEY ON THE RISE

ROUBINI TO SAY ‘’ECONOMY OF TURKEY ON THE RISE’’

Economy of turkey on the rise - www.istanbul-estate.com

The world-wide known economist Nouriel Roubini, during his speech at 28th Quality Congress, which was organized by the collaboration of Turkish Quality Association (KalDer) and Turkish Industry and Business Association (TÜSİAD), said:

The developing countries made faster progress in terms of growth compared to the developed countries’ rigid and stable growth. According to Internationl Money Fund (IMF), the global growth this year will only be %3 and that is the lowest ratio since the economical crisis in 2009.

Roubini pointed out that the biggest risk for the global economic growth is the protectionism policies. He also said that trade, capital, business and commodity wars have been affecting the whole globe.

Republic of Turkey has made great progress and many considered the country’s growth as sudden.

Economist Roubini stated that Turkey has tremendously expanded its economy and has enriched the economic diversity. The economy of Turkey has gained stability. The overall deficit has decreased with the contribution of tourism industry and increasing real estate property sales. The country is very successful at financial and industrial services. It is a great advantage that Turkey can do business with the West and the East simultaneously. The increasing population of the country can also be beneficial if right education and effective use of resources are provided.

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