Turkey’s State Planning Organization (DPT) forecasts that inflation will decrease to nine percent by 2005. The organization also predicts a 3.9 percent increase in the nation’s Gross Domestic Product (GDP) and a three percent rise in the Gross National Product (GNP). Domestic demand is expected to increase by 3.4 percent while exports are forecasted to rise by 6.2 percent and imports by 15.8 percent.
According to a recent report by the Fitch rating agency stated that the formation of a competent and reformist government in the November general elections is crucial for a lasting improvement in Turkey's creditworthiness. Recent political developments have been encouraging, including the creation of a new, reformist party and the passing of European Union (EU)-related legislation. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
