Who's into numbers? Turkey racks em up-article by Archaeologous .
Who's into Numbers? Turkey Racks Them Up. article by Archaeologous
Some interesting facts I just researched concerning vacation destination, Turkey. If you are more of a left brain, logical thinking person this might be up your alley. You are probably the one in your family making all the vacation travel arrangements right?
Some people are looking to retire and are checking Turkey out as a possibility with its great climate, people, history, cuisine and terrain. Others are taking Mediterranean cruises and stop in Turkey. Just so you have some interesting chatter at the dinner table, read on.
Turkey was the fastest-growing economy "in the world" during the 1st quarter of 2011 with growth of 8.9% compared to the previous year. Momentum is expected through the next few year according to Jones Lang LaSalle. And, as reported, the Turkish economy will see the fastest growth in Europe between now and 2015.
By the end of 2012, as a recently introduced government economic program is projecting and expecting, economic growth to stabilize at around 5%. As calculated by the International Monetary Fund, Turkey's share of budget deficit in its GDP was to decrease to 10.3% by the end of 2011, and even lower (7.2%) by the end of 2012. So, it's all pointing in the right direction.
Helping to improve Turkey's appeal to investors, early in 2011 Standard & Poor increased the country's credit rating to investment-grade (BB-).
You might have been reading about Turkey being one of the fastest growing markets in Europe. Retail Markets, logistics market and tourism are all set for increased activity.
For the security minded, the central bank is also expected to provide $3 billion extra liquidity to the markets. This is a pro-active step to ensure any possible liquidity crisis in global markets doesn't have a negative effect on domestic markets.
Turkey's unemployment rate is declining and was 9.2% in June of 2011 which was less than the previous year. All in all, many indicators are pointing in the right direction for Turkey being a upward mobile place to think about visiting.
