Outlook for Turkey's growth sours

Bloomberg

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The forecast compare with the previous estimate of 1.1 percent in the survey two weeks earlier. The government’s budget plans for 2009 foresee growth of 4 percent. The budget is a focus of discussion with an International Monetary Fund delegation visiting Ankara this week to discuss a possible loan.

Consumer prices will rise 7.46 percent over the next 12 months, compared with the 7.64 percent forecast in the previous survey, the Bank said. The Central Bank is aiming to slow inflation to 7.5 percent this year and 6.5 percent in 2010 after missing its goals for the previous three years.