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(ECO) TURKISH MINISTER SAYS TURKISH ECONOMY STARTS TO NORMALIZE.

ANKARA, Jul 3, 2009 (TUR) -- A Turkish state minister said on Friday that Turkish economy had entered into a normalization process.

Turkey's State Minister Zafer Caglayan said that Turkey left behind problems or negative days in exports and growth.

"Turkey's path is open, and Turkey will not see the problems it faced in the first quarter when the fourth quarters comes," Caglayan told reporters.

The Turkish Board of Statistics (TUIK) announced on June 30 that Turkey's economy shrank 13.8 percent in the first quarter of 2009 when compared with the same period of the last year.

Caglayan said Turkey would shrink in 2009, however positive growth will resume in 2010.

Also, Caglayan said that Turkey's exports were up 11.6 percent in June 2009 over May 2009 and reached 8.1 billion USD.

Caglayan said Turkey had revised its year-end export target around 104 billion USD, and had achieved almost 44 billion USD of it by the beginning of July.

The minister also said that Turkish authorities and businessmen would visit almost 25 countries till the end of 2009 to increase exports.

(THROUGH ASIA PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Jul 3, 2009
Words:186
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