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2010 A Year Of ‘Hope’ Say Businessmen
October 28, 2010 by admin · Leave a Comment
As the global economy is showing signs of recovery from the worst economic crisis since the Great Depression, indications abound that 2010 will be a year when the recovery kicks in, especially in Turkey, where signs that a recovery is picking up pace revealed themselves towards the end of 2009.
The crisis hit fundamental economic indicators like production, exports, investments and unemployment, leading to massive stimulus packages taken by nations looking to protect themselves from economic freefall.
The speed at which governments enacted such measures was unprecedented, and possibly saved the global economy from falling into a further global slump rivalling the turbulent times of the 1920s.
The upturn in economic conditions in Turkey in the last quarter of the year has left many wondering whether the worst is over, and whether 2010 will make up for the losses in 2009.
Although Turkey’s Medium-Term Economic Program (MTEP) released by the government predicted a return to growth in 2010, some in the business world are calling this overly optimistic, while others are saying that the government should aim even higher.
Regardless of the exact numbers, the Turkish business world, having seen the recent rays of hope in the economy, is hopeful about the coming year.
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