Turkey’s economy booms, as Turkey GDP grew 11 percent in the first quarter of 2011, Turkish Statistics Institute stated in a published data Thursday. Economy News

Turkish economy had increased 9.2 percent in the last quarter of 2010, and 8.9 percent over the course of the previous year, exceeding the financial expectations of GDP growth of the AKP government in Turkey.

Turkey economy : Fastest growing economy in the globe

Robust economic growth, stabilized and steady conjuncture and easing unemployment in Turkey are the main achievements of the Prime Minister Recep Tayyip Erdogan and the ruling AKP administration, according to analysts, as he and AKP won in Turkey a straight third term in the government office in June 12 at turkish parliamentary elections.

Turkey recovered from global crisis swiftly

Turkey economy’s recovery from the global crisis showed signs in the last quarter of 2009, when GDP increased by 6.0 percent after a contraction cycle of four quarters that caused the economy to slump 4.8 percent in 2009.

Turkey became the fastest growing economy and the only country with double digit GDP growth rate in the world.

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