ISTANBUL
International Money Fund (IMF) estimated Turkey's economy to grow 3.4 percent in 2013 and 4.2 percent in 2014.
IMF report announced at the G-20 Finance Ministers meeting in Russia, stated that policies might differ for the developing countries. It was said that middle term financial targets should be more ambitious for some countries.
Report titled "Global Prospects and Policy Challenges" said financial buffers should be reestablished in due course.
Euro zone should proceed to an economic union, said the report, stating that the EU wouldl grow 0.2 percent in 2013 and 1.4 percent in 2014, while Euro zone would shrink 0.2 percent in 2013 and grow 1 percent in 2014.
Report says Germany, France and Britain's economies will grow faster in 2014 compared to 2013. France's economy will grow 0.3 percent, Germany's 0.6 percent, and Britain's 1 percent in 2013. In 2014, those figures will be 0.9 percent, 1.4 percent, and 1.9 percent respectively.
According to IMF's projections, China will grow 8.2 percent, Russia 3.7 percent, and US 2 percent in 2013, while 8.5 percent, 3.8 percent and 3 percent in 2014 respectively.
