World Bank Official Says Turkey's Economy Is More Resilient Than Ever

LONDON - World Bank's chief official for Turkey said Tuesday the country's economy was much more resilient than ever.
"Turkey is a different country than it used to be when the 2001 economic hit it. Ther country is standing on stronger grounds when compared to the 2001 crisis," Ulrich Zachau told a London conference on Turkey' banking system.
The World Bank official however warned that a global financial turmoil could have a negative effect on Turkey as it needs foreign investment inflow at a time of deteriorating capital movements.
Zachau said Turkey's main shares index, the Istanbul Stock Exchange, had received the fallout from the global crisis but the damage had remained limited.
(YMB-AÖ)
(ECO)