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    Turkey's economy more resilient than ever-World Bank

    Anatolian Agency
    21.10.2008 - 16:06 | Son Güncelleme:

    The World Bank's chief official for Turkey said Tuesday the country's economy was far more resilient than ever.

    "Turkey is a different country than it used to be when the 2001 economic hit it. The country is standing on stronger ground when compared to the 2001 crisis," Ulrich Zachau told a London conference on Turkey' banking system.

     

    The World Bank official however warned that a global financial turmoil could have a negative effect on Turkey as it needs foreign investment inflow at a time of deteriorating capital movements.

    Zachau said Turkey's main shares index, the Istanbul Stock Exchange, had received fallout from the global crisis but that the damage had remained limited.

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