Thursday, March 10, 2011
Wisconsin Real Estate Viewpoint Blog
Reporting from MIPIM 2011, Day 3:
Turkey, with the world's 15th largest economy and 17th largest population, occupies a position centrally-located not only at the door of the EU, but also between North Africa, Asia, and Eastern Europe. Turkey boasts strong banking sector and pre-crisis fiscal performance and is forecasted to be Europe’s largest population and the the world's 9th largest economy by 2050.
Turkey’s economic conditions are favorable. CPI is currently down to 4% and is continuing to fall. Its GDP is rising and should continue to rise. Average annual real GDP growth projections are the highest of all OECD countries despite an inflation rate six-plus percent. All of which make Turkey currently the 15th most attractive FDI location.