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    Turkey's growth is expected to slow to 3.6 pct in 2008

    HotNewsTurkey Staff
    09.10.2008 - 16:26 | Son Güncelleme: 09.10.2008 - 17:26

    Turkey's growth rate expectation fell to 3.6 percent from an earlier 3.9 percent, Turkey’s central bank said in its survey of expectations report issued on Thursday.

    Turkey's year-end inflation expectations also fell to 10.40 percent, a central bank survey showed on Thursday.

     

    According to the survey, Turkey's year-end inflation expectations also fell 0.30 percent and revised to 10.40 percent from earlier 10.70 percent in late September.

     

    The survey also showed that predictions on year-end current account deficit were down to $51.089 billion, from $51.156 billion.

     

    The twice monthly study, which surveys economists and experts in the financial sector, also predicted a rise in expectations for end-2008 U.S. dollar rate to 1.3619 YTL, up from 1.2806 YTL.

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