Turkey's Economy Keeps Expanding ( Despite All )

[flamer84]

Even look at the developing European countries.

Romania for example; has had an average growth rate of 0.71% since 1996 and this year Romania has 1.3% growth rate.

Take into account the mess Turkey had to go through. A coupe, multiple terrorist attacks, civil wars in two of its neighbors and etc...

This year, hopefully Turkey should reach around 3.5-4.5

Romania had 4.8%growth in 2016,the Central European Bank predicts 4.4% this year while the goverment predicts 5.2%.I don t know where you pulled the 1.3% figure for this year for Romania nor the growth for Turkey which is forecasted at 2.3-2.5%

 

[ValerioAurelius]

The EU grew only 1.7% in 2016, and they consider that good compared to previous years. Japan grew by 1% and they also consider that good. If you hate your country so much go live somewhere else. I'm sick of malcontents vomiting up their worthless opinions about Turkey on this forum. No matter what happens you're unhappy about it.

2.9% is practical economuic death for a country like turkey. That is eaten up by the gigantic inflation rate. Which is at
9.8% right now and is estimated to be 10.4% in may. This means the turkish economy is contracting by 6.9%. Yes you read that right. Shrinking by 6.9%

http://www.tradingeconomics.com/turkey/inflation-cpi

@flamer84 @damm1t

It is incredible how fucked up a regime must be to sell this horror news as sucess.

 

[Talwar e Pakistan]

Romania had 4.8%growth in 2016,the Central European Bank predicts 4.4% this year while the goverment predicts 5.2%.I don t know where you pulled the 1.3% figure for this year for Romania nor the growth for Turkey which is forecasted at 2.3-2.5%

Here bro

http://www.tradingeconomics.com/romania/gdp-growth

Not to mention Romania has experienced sudden negative growth 10 times. Peaking in 1991 with -13%, 1997 with -6.1%, 2009 with -6.8%

 

[flamer84]

Here bro

http://www.tradingeconomics.com/romania/gdp-growth

Not to mention Romania has experienced sudden negative growth 10 times. Peaking in 1991 with -13%, 1997 with -6.1%, 2009 with -6.8%

The negative growths came after transfering from a communist economy to a capitalist one and from the 2008 global economic crash but the 1.3 % for 2017 isn t given bu any financial institutions who all foresee 4-4.5% growth for 2017 after 4.8 in 2016.A simple google will show you that.

Pls learn to read an article,the gdp expanded 1.3 in the 4th quarter 2016 over the 3rd quarter,year on year is 4.8,lol.

 

[damm1t]

2.9% is practical economuic death for a country like turkey. That is eaten up by the gigantic inflation rate. Which is at
9.8% right now and is estimated to be 10.4% in may. This means the turkish economy is contracting by 6.9%. Yes you read that right. Shrinking by 6.9%

http://www.tradingeconomics.com/turkey/inflation-cpi

@flamer84 @damm1t

It is incredible how fucked up a regime must be to sell this horror news as sucess.

HAHAHAHAHAHAHHAAHHA analyse by Cambridge School of Economy Prof.. bla bla bla

 

[flamer84]

2.9% is practical economuic death for a country like turkey. That is eaten up by the gigantic inflation rate. Which is at
9.8% right now and is estimated to be 10.4% in may. This means the turkish economy is contracting by 6.9%. Yes you read that right. Shrinking by 6.9%

http://www.tradingeconomics.com/turkey/inflation-cpi

@flamer84 @damm1t

It is incredible how fucked up a regime must be to sell this horror news as sucess.

HAHAHAHAHAHAHHAAHHA analyse by Cambridge School of Economy Prof.. bla bla bla

Very inteligent rebutal.None the less,high inflation and high devaluation of the lira cancels a modest economic growth.

 

[xenon54 out]

The EU grew only 1.7% in 2016, and they consider that good compared to previous years. Japan grew by 1% and they also consider that good. If you hate your country so much go live somewhere else. I'm sick of malcontents vomiting up their worthless opinions about Turkey on this forum. No matter what happens you're unhappy about it.

Again, 1% might looks worse than 2.9% but when Japan grows 1% its a lot more money in actual numbers than when Turkey grows 2.9%, Turkey would fall even more behind instead of catching up if we continued this trend lets say for a decade.

Japan GDP 4 trillion + 1% = 40 billion
Turkey GDP 700 billion + 2.9% = 20 billion

Even when Turkish economy grows 3 times as fast as Japanese economy it on grew half as much in actual numbers and keep in mind that this would continue exponentially if Turkish economy doesnt start to grow 9% again.

The growth rate of Turkish economy needs to stay at 8-9% if we want to catch up with west any time soon, its not hating the country just a simple fact.

Very inteligent rebutal.None the less,high inflation and high devaluation of the lira cancels a modest economic growth.

I think the inflation and devaluation of lira is considered when doing the calculations since the figures are in dollar, anything else wont make sense.

 

[Baybars Han]

The EU grew only 1.7% in 2016, and they consider that good compared to previous years. Japan grew by 1% and they also consider that good. If you hate your country so much go live somewhere else. I'm sick of malcontents vomiting up their worthless opinions about Turkey on this forum. No matter what happens you're unhappy about it.

Wait wait one second. Are you being serious???

Are you comparing us to Germany, France, UK etc?? These are 2+ trillion economies with gdp per capita over 35,000 and japan??? Japan is the third largest economy.

We should be growing at least 6% minimum for it to be an achievement. Seriously some people are just plain outright stupid.

 

[Baybars Han]

Since 2011 we are getting poorer and poorer while erdoğan and ministers is getting richer by 20 fold.

 

[AnatolianEagle]

Since 2011 we are getting poorer and poorer while erdoğan and ministers is getting richer by 20 fold.

Dear friend that's a great card.

 

[ValerioAurelius]

HAHAHAHAHAHAHHAAHHA analyse by Cambridge School of Economy Prof.. bla bla bla

No, just mathematic. Cold, hard numbers. You have an inflation of 10%. Which crushs your people.

Inflation over 5% means that the money becomes virtually worthless since it devalues faster than other exchange things.

 

[jamal18]

To be honest, 2.9% is low.
Larger industrial countries cannot produce a high growth rate, you cannot compare with them.

 

[Orez]

To be honest, 2.9% is low.
Larger industrial countries cannot produce a high growth rate, you cannot compare with them.

Then compare to countries like Mexico and Brasil. Turkish's grow is highter than them, despite all 2016 probleme.

2016 was not a good years for develloping country.

 

[KediKesenFare3]

2.9% is practical economuic death for a country like turkey. That is eaten up by the gigantic inflation rate. Which is at
9.8% right now and is estimated to be 10.4% in may. This means the turkish economy is contracting by 6.9%. Yes you read that right. Shrinking by 6.9%

http://www.tradingeconomics.com/turkey/inflation-cpi

@flamer84 @damm1t

It is incredible how fucked up a regime must be to sell this horror news as sucess.

Inflation is already considered in growth rates + the growth rate is based on USD not TRY. Based on the Turkish Lira our growth rate was huge but this is misleading due to high inflation. Just ask before talking utter nonsense next time.

 

[jamal18]

Then compare to countries like Mexico and Brasil. Turkish's grow is highter than them, despite all 2016 probleme.

2016 was not a good years for develloping country.

I was thinking of Turkey's previous rates. It was around 7% before, and at par with China's over many years. Let's hope this is a temporary glitch.

We want to avoid the self-defeating mindset of comparing ourselves with low achievers.

On a different note, it's embarrassing to get a thanks from a known racist!