Turkey’s economy expected to grow 4%

Turkey predicts an overall 2013 growth figure of four percent, Minister of Science, Industry and Technology Fikri Isik said Wednesday. Minister Isik said the number would fare well in the current state of the world economy. Turkey grew 4.4 percent in the third quarter, raising confidence that the yearly growth would exceed earlier expectations of 3.6 percent. - 2014 global outlook ‘stable’ Regarding the regulations made recently on credit card installment limits and consumer loans, Isik said, “We should avoid mechanisms which create volatility by rapid overgrowth and de-growth.” He explained that the regulations were intended to decrease usage of import-based products and help decrease current deficit. Isik added that recent positive economic indicators in the US boded well for stability in global markets this year. "The recovery in the US economy indicates the tendency of improvement in world economy. So I don't see much volatility in 2014,” he said.