Turkey’s growth leads among OECD countries

ANKARA - Anatolia News Agency

The Turkish economy has become the most grown among the Organisation for Economic Co-operation and Development (OECD) countries in the last 10 years, excluding 2008 and 2009 despite the global economic crisis, recent figures show.

According to figures, the OECD expects the world economy to grow 3.5 percent with OECD countries’ economy to grow 1.7 percent, while the Turkish economy is expected to grow 5.1 percent in the 2003 to 2012 period. Turkey is on the first rank when the growth rates of OECD countries are examined side by side.

With 8.5 percent growth performance and $775 billion of gross domestic product, the Turkish economy grew the most following China.

The OECD expects the Turkish economy to grow 2.9 percent while it estimates OECD countries’ economies will expand by 1.4 percent and the world economy to grow 2.9 percent in 2012. Turkey is followed by Chile and Slovakia.

The OECCD is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade.