IMF revises 2011 Turkey growth forecast down to 6.6 pct
Sep 21, 2011 - 12:00 am GMT+3
by Sep 21, 2011 12:00 am
The International Monetary Fund (IMF) has revised its forecast for Turkey's 2011 gross domestic product growth (GDP) to 6.6 percent, the World Economic Outlook report said on Tuesday, down from a forecast of 8.7 percent in July.
It also revised its 2012 growth forecast down to 2.2 percent from a July forecast of 2.5 percent.
Its forecasts for Turkish consumer price inflation were revised up to 6 percent from 5.5 percent this year and up to 6.9 percent from 6.4 percent in 2012.
The current account deficit-to-GDP ratio forecast was revised down to 10.3 percent from 10.5 percent this year and down to 7.4 percent from 9.8 percent in 2012.