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Turkey Displays Better Performance Than Expected

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Turkey Displays Better Performance Than Expected

sergei-guriev-ebrd-economistSergei Guriev, the Chief Economist at the European Bank of Reconstruction and Development (EBRD), assessed the investment potential and economy of Turkey.

Guriev, who underlined that there were a large number of political and geopolitical difficulties for Turkey, said that while there had been a slowdown in the economy, 3 percent was still a healthy rate of growth.

Turkey is always attractive for foreign investors

Guriev, who stated that Turkey was still an appealing investment region for foreign investors, is of the opinion that, ‘Western economies are giving investors zero percent or in real terms, negative interest rates. Investors are searching for high profits and it is not easy to find these areas. In this sense, the economic foundations of Turkey are solid’.

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