Zero margin for mistakes

After falling out with the US over access to Iraq, Turkey is regaining favour with the west as its economy revives. Its long-term goal is EU membership, but how far away does that target remain?

Turkey is the world’s fastest growing economy after China

TURKEY IS THE world’s fastest-growing economy after China. In the first quarter of this year GDP grew by 8.1%. The central bank’s survey of business opinion and manufacturing data has indicated that the pace is continuing and that a figure close to the government target of 5% GNP growth for the full year is assured.

In addition, inflation is falling, unemployment is on the wane and exports are rising.

Thanks for your interest in Euromoney!
To unlock this article: