Turkish economy grows 3% in 2013

Turkish Minister of Finance Mehmet Simsek announced Tuesday that Turkish economy has grown 3 per cent in the first quarter of 2013 with the recovery in the domestic demand and said they expected the growth would reach 4 per cent in the second quarter. Simsek said in a written statement that it was the domestic demand not the exports which contributed to the present growth. Following the process of balancing last year, the growth has regained acceleration in the first quarter of 2013 reaching 3 per cent, said Simsek.   "Industry production datum revealed yesterday (Monday) shows as well the pace of the growth in the second quarter," said Simsek adding the good progress in consumer credits would affect positively the recovery process.    Simsek pointed out there was a limited rise in current deficit, increasing 3.6 billion dollars in April when compared to March  to level of 51.3 billion dollars. Turkish Minister of Transport, Maritime Affairs, and Communications Binali Yildirim evaluated on the growth numbers in 2013's first quarter following his meeting with Egyptian Minister of Transport Hatem Abdel Latif. Yildirim pointed to the 3-per cent growth in Turkish economy and said the percentage meant 100 hundred-per cent increase in growth when compared to the 1.4 per cent growth in 2012's last quarter.