Turkish economy 'will recover in 2010'
Those with investment in buy-to-let property in Turkey will be boosted by the news that the country's economy is set to improve next year.
Ali Babacan, the Turkish economy minister, predicted employment will pick up in 2010 and suggested this will have a positive effect on the country's economy.
Mr Babacan said that while the global economy is showing signs of recovery, Turkey is ahead of the curve in Europe, Hurriyet Daily News reports.
"The pace and timing of the start of the recovery in Europe will affect our exports," he is quoted as saying.
According to the economy minister, who addressed the Active Academy Finance Summit in Istanbul this week, Turkish unemployment needs to be addressed.
"If there is no improvement in employment figures, there can be a delay in the recovery of domestic consumption and the economy in general," he warned.
Turkey's resilience against the global recession was highlighted as a key factor in its credit rating potentially being upgraded by Moody's Investors Service.
Kristin Lindow, Moody's senior vice president, commented earlier this month that the country coped better than expected with the financial troubles experienced all over the world.
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