New growth figures 'prove Turkish economy's solid foundations'
Turkey's economy has entered a new period of sustainable growth, according to the country's minister of state for finance.
The comments from Ali Babacan follow the publication of positive economic data for 2006, which revealed that growth exceeded expectations, in spite of wider global economic uncertainty that would have had a deleterious on Turkish economies of old.
Mr Babacan explained that the country has seen 20 consecutive quarters of growth, signifying a long-term approach to improving the economy and proving that Turkey has "finally caught on to the sustainable growth trend", the Turkish Daily News reports.
Quoted by the Anatolia news agency, Mr Babacan commented: "As ours is a growth based on increased production capacity in Turkey, it is creating the infrastructure necessary for growth in future."
He added that people looking to invest in the country should now have confidence that economic conditions are "stable.
Turkey's sustained growth has followed major restructuring of the economy following an inflation and banking crisis in 2001 that required assistance from the International Monetary Fund.
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