hurriyet.com: Turkey not facing prospect of recession says minister -growth 3-4 %
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Turkey not facing prospect of recession says minister - growth 3-4 %
Turkey is not facing the prospect of recession and expects growth of 3-4 percent this year, while a forecast of 4 percent growth for 2009 remains valid, Industry Minister Zafer Caglayan said on Wednesday.He was speaking after a Moody's analyst said on Tuesday Turkey would enter a recession next year unless it agreed to a program with the International Monetary Fund (IMF). "I do not attach value to what the credit rating agencies say. The crisis showed they are not subject to supervision," Caglayan told reporters when asked about the negative Moody's comments.
