5. Turkey > Inflation rate: 8.9% > GDP growth rate: 3.0% > - TopicsExpress

5. Turkey > Inflation rate: 8.9% > GDP growth rate: 3.0% > Unemployment rate: 8.8% > Population: 81 million Turkey’s big news this summer was its civilian uprising. Turkey actually has experienced serious growth, even as most of the eurozone has suffered from economic contraction. Turkey’s unemployment rate is high at 8.8%, and its 8.9% inflation rate is paired with the latest pre-protest real GDP growth of only 3% — much lower than the country’s real GDP growth rate of close to 9% as recently as 2011. Turkey’s public sector debt to GDP ratio has fallen to about 36% in 2012, which may offer its central bank some extra wiggle room ahead. Turkey’s hopes of joining the European Union may have been damaged even further by international criticism of recent Turkish crackdowns on protests. Read more: Eleven Countries with Soaring Inflation - 24/7 Wall St. 247wallst/special-report/2013/09/06/eleven-countries-with-soaring-inflation/#ixzz2eTCuodGi

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