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Dervis hopes for 4-5 pct Turkish growth in 2002

Dervis hopes for 4-5 pct Turkish growth in 2002



^Dervis hopes for 4-5 pct Turkish growth in 2002@

     LONDON, Sept 18 (Reuters) - Turkish Economy Minister Kemal Dervis said on Tuesday that he hoped for an economic rebound next year, with growth of up to five percent and an appreciation in the value of the battered lira.

     Speaking to a conference in London, Dervis said: ``We hope there will be a rebound in the real economy (in 2002) of 4-5 percent in real terms.''

     He said that the budget plans for next year were building in ``a real appreciation of 7-8 percent, maybe a little bit more'' in the value of the lira, which has lost 50 percent of its value since the collapse of a counter-inflation plan in February.

     Dervis also said that the Turkish government hoped for privatisation proceeds in a range of three to four billion dollars next year.

     Asked by Reuters after the meeting whether Turkey would restructure domestic debt next year, as many analysts have suggested, he said he did not plan such action.

     Dervis faced protests from people opposed to Turkish prison reforms. One protester came up to him and shouted, ``You are a traitor, you are a murderer,'' before being led away by security staff.




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