Turkish deputy premier estimates 2012 growth at 4 percent

ANKARA (A.A) - December 12, 2011 - Turkish Deputy Prime Minister Ali Babacan has estimated that Turkey's 2012 growth would stand at 4 percent due to uncertainties in global economy and in Europe. An IMF report released earlier this month said Turkey's growth rate was expected to slow sharply to 2 percent in 2012 due to "weaker capital inflows." Babacan added year-end growth rate for 2011 was expected to come higher than anticipated in a medium term economic program thanks to performance achieved within the first nine months of this year.      Turkey's statistics authority on Monday said Turkish economy grew 8.2 percent in the third quarter in 2011 over the same period a year earlier.  "This makes Turkey one of the countries in the OECD, European Union and G20 with strongest economic growth performance," Babacan said.