Turkey to be among 10 fastest growing economies, OECD says

02 January, 13:09

(ANSAmed) - ISTANBUL, JANUARY 2 - With an estimated average 2.9% growth per annum, Turkey will be among the top 10 fastest growing economies, at seventh place, between 2011 and 2060, surpassing Japan, France and the UK, Today's Zaman reports citing a recent Organization for Economic Cooperation and Development (OECD) survey. Pointing to "major changes in country shares in world GDP" the OECD's 'Looking to 2060: Long-term growth prospects for the world' report, published on Sunday, envisages a fast growing output for emerging markets including Turkey. China and India are expected to demonstrate the most impressive performance among emerging countries. The OECD estimated Turkish gross domestic product (GDP) growth at 4.2% between 1995 and 2011. India tops the list of countries with the highest annual growth estimate at 5.1% between 2011 and 2060, followed by Indonesia with 4.1% and China with 4%. Turkey was among the world's fastest-growing economies in 2010 and 2011, with 8.9 and 8.5% annual growth, respectively. The average growth from 2007 to 2011 was 3.5%. The country's gross domestic product (GDP) growth slowed to 1.6% in the third quarter over the same months of 2011. (ANSAmed).


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