Time to invest in Turkey

Robert Holmes, manager of Griffin Capital Management’s Eastern European Value Fund has come out in support of the Turkish economy following the incredible 11 percent economic growth that Turkey experienced for the first quarter.

Holmes said: “Indeed the contrast can be quite extreme, if one considers Turkey, for example, there is actually too much growth, in the first quarter it grew 11% year-on-year surpassing the growth rate of China. The credit side is also the reciprocal of the Eurozone, Russia for example has only around 10% debt to GDP.”

Speaking while assessing the impact of the sovereign debt crisis on the Europe, Holmes, speaking about Eastern Europe, stated that: “Although specific country risks do remain, the longer term growth outlook is certainly superior to that of most Eurozone economies.”

Turkey is currently one of the strongest economic nations and is currently experiencing better financial results than ever before.

Surpassing the growth rate of China is a real huge step for Turkey. Turkey is emerging as a real power nation for people to invest their money and for people to make money. The Turkish property market and development strategies are only going to get stronger as the Turkish government look to secure a long term plan for growth in Turkey.

Advertisements
Comments
2 Responses to “Time to invest in Turkey”
Trackbacks
Check out what others are saying...
  1. […] went on to say: “The Turkish economy has turned the global financial crisis into an opportunity thanks to its dynamic private sector. Our […]

  2. […] year.” Rozenberg also noted that the company look to capitalise on local knowledge and create business opportunities for people of […]



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: