Turkey may slash its growth rate target to below 4 percent and its annual export target to below $158 billion, mainly due to the global economic fluctuations, Deputy Prime Minister Ali Babacan said yesterday during a live interview on Turkish Radio-Television (TRT).
“Growth targets have now been revised downward. It should not be surprising for Turkey to revise its growth rate below 4 percent, which is still very good under such global economic conditions,” Babacan said, adding that there had appeared to be no need to make an official revision for now. “We set our annual target as $158 billion, but it looks difficult to reach this target as well,” he noted.
The comments by Ali Babacan may trigger disagreements among the Turkish ministers about the growth rate as was recently the case at the end of last month.
Read more: ECONOMICS - Turkey signals cut in growth, export targets
“Growth targets have now been revised downward. It should not be surprising for Turkey to revise its growth rate below 4 percent, which is still very good under such global economic conditions,” Babacan said, adding that there had appeared to be no need to make an official revision for now. “We set our annual target as $158 billion, but it looks difficult to reach this target as well,” he noted.
The comments by Ali Babacan may trigger disagreements among the Turkish ministers about the growth rate as was recently the case at the end of last month.
Read more: ECONOMICS - Turkey signals cut in growth, export targets
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