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Experts positive over Turkish economy

Experts positive over Turkish economy

Experts have predicted that the Turkish economy is likely to grow at a faster rate than the figure forecast by the government.

According to the Organisation for Economic Co-operation and Development (OECD), the country's economy is set to expand by six per cent in the next two years.

The estimates, cited by the Guardian, are higher than the official predictions of 5.5 per cent.

However, the OECD stated that this was only likely if the economy managed to avoid experiencing any unforeseen circumstances.

A report from the organisation added: "If the pending reforms targeted by the government are implemented assertively, this could accelerate Turkey's shift to a stronger growth rate."

The OECD is basing the predictions on the recent economic growth that has come in the wake of the country's parliamentary elections.

Turkey's economy has already been benefiting from a growing holiday industry, with official figures showing that tourism in the country increased by more than a quarter between October 2006 and 2007.

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