Turkish Finance Minister Mehmet Simsek said on Wednesday that inflation rate in Turkey would continue to drop in parallel with projection by the Central Bank. Attending a conference in Ankara, Simsek said that Turkey had a bright future in long-term period and foreign investors should be informed on it. In 2050, Turkey's GDP would be 5-6 trillion USD and its population would near 110 million, he said.
Turkey did not have inflation problem and single-digit inflation was enough for investments, he added.
According to G&S, Turkey’s population growth averaged around 2.3 percent per annum during 1950-2000. In this period, the population more than tripled, to 70 million, and the labor force quadrupled, to 50 million, leading to a virtual collapse in the underlying dependency ratio, which fell from around 75 percent in the 1950s and 85 percent in the 1960s to around 55 percent by the turn of the century.
As of today, like any other country, Turkey’s demographic transition is gradually maturing, but it is far from complete. In the coming two decades, Turkey will continue to enjoy a substantial demographic bonus. First of all, it is still running at a healthy 1.3 percent per annum and is projected to average around 1 percent per annum in the next two decades, before easing gradually to 0.2 percent by 2050.
Amount of short articles:
Amount of articles links:
You can order sections with dragging on list bellow:
Get Our Top Stories of the Day
|Turkish foreign direct investment is $6.8 billion in 2014|
|Overseas investors eyeing Turkish property market|
|Turkish tradesmen eye wedding stimulus in summer|
|China’s bank completes takeover of Tekstilbank|
|Turkey's EU bid to advance soon: Commissioner|
|Babacan praises Islamic banking model|
|Turkey's defense industry exports value up slighly in 2015|
|Islamic financial products risk losing uniqueness: Poll|
|UN downgrades global growth forecast|
|Turkey: Consumer confidence falls on concerns over income|