Turkey Unveils Investment Incentives to Reduce Current Account Deficit
Posted on April 09, 2012 at 04:46 AM EDT
ANKARA, TURKEY--April 9, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey launched a long-awaited investment incentive programme to decrease its current account deficit via increased domestic production. The current account deficit is about 10% of GDP in 2011, which has unnerved investors of its funding via short-term foreign fund flows. The Turkish economy grew 8.5% in 2011, which is third in the global growth rankings.