Bloomberg News

Babacan Says Economic Policy Aims for “Balanced” Consumption

October 13, 2011

Oct. 13 (Bloomberg) -- Turkey’s revised medium-term economic program will encourage “thrift” and aim for “balanced consumption”, Deputy Prime Minister Ali Babacan said.

Turkey’s savings rate fell to 12 percent while the investment rate is at 21 percent, widening the current account deficit along with energy imports, Babacan said in Ankara today.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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