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The Turkish economic boom of the 2000s refers to a period of stabilization and growth following the 2001 Turkish economic crisis. Between 2002 and 2007, Turkey's economy experienced an average growth rate of 7.2%, much higher than the average growth rate during the nineties.[1] The Turkish economy saw relative prosperity during the 2007–2008 financial crisis and the Great Recession and grew 8.8% in 2010, and 9.2% and 2011.[1]
Turkey saw a decrease in unemployment rates, an increase in education rates, and higher life expectancy throughout the country.[2] Turkey's continued economic growth throughout the 2000s was due to multiple factors, including a string of reforms inaugurated by then-Minister of Economic Affairs, Kemal Derviş.
- ^ a b "Turkey's economy: a story of success with an uncertain future". OSW. 2013-11-06. Retrieved 2018-11-10. [verification needed]
- ^ "Turkey records strong economic growth in last decade". Oxford Business Group. 2015-06-03. Retrieved 2018-11-10.