(ECO) TURKISH PREMIER SAYS TURKEY WILL BE AFFECTED FROM CRISIS THE LEAST.ANKARA, Jun 4, 2009 (TUR tur: see ibex. ) -- The Turkish prime minister said on Thursday that Turkey would be affected from the economic crisis the least. Turkey's Prime Minister Recep Tayyip Erdogan said that he had not said that Turkey would not be affected from the global economic crisis. "We have said that Turkey would be affected at the least level thanks to its strong structure and the measures it had taken," Erdogan told reporters when making public the new incentives and employment package. Erdogan said that there were not so many market fluctuations thanks to intensive efforts, and expectations were more positive. "The stagnation Stagnation A period of little or no growth in the economy. Economic growth of less than 2-3% is considered stagnation. Sometimes used to describe low trading volume or inactive trading in securities. Notes: A good example of stagnation was the U.S. economy in the 1970s. in production and employment has slowed down," he said. Erdogan said that the world had started to overcome the global economic crisis, and so had Turkey. The prime minister said that his government had taken measures and implemented reforms for six and a half years, which had helped Turkey stand firm on its feet despite national and international uncertainties. Also, Erdogan said that the government had taken several measures after the global economic crisis erupted, and enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. some of them as the Value Added Tax value added tax n (BRIT) → impuesto sobre el valor añadido or agregado (LAM) value added tax n (Brit (VAT VAT See: Value-added tax VAT See value-added tax (VAT). ) and luxurious consumption tax rates cut, limit on employment loss and helping unemployed citizens make use of opportunities of the labor agency, and providing small and medium scale enterprises with low-interest loans. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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