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Research and Markets: Turkey Freight Transport Report for Q2 2011 - Cargo Volume at the Port of Ambarli to grow 14.1% this year to 4.370mn Tonnes

Dépèche transmise le 22 juillet 2011 par Business Wire

Research and Markets: Turkey Freight Transport Report for Q2 2011 - Cargo Volume at the Port of Ambarli to grow 14.1% this year to 4.370mn Tonnes

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/350c76/turkey_freight_tra) has announced the addition of the "Turkey Freight Transport Report Q2 2011" report to their offering.

Business Monitor International's Turkey Freight Transport Report provides industry professionals and strategists with independent forecasts and competitive intelligence on Turkey's freight transportation industry.

This report is positive about the outlook for the Turkish economy over the next few years, and consequently the report feels it will be supportive of the country's freight transport sector. Private sector consumption, based on the rising purchasing power of the middle class, will be expanding, with gross fixed investment also making a positive contribution, fuelled by a market-friendly business climate and a broadly receptive policy on foreign investment.

There are some potential negatives, however. With elections due in June 2011, the government's desire to keep growth strong could end up fuelling inflation and forcing a tightening of monetary policy, which would in turn rein in GDP expansion in late 2011 and early 2012.

On the political front the government's tougher stance on the media, the recent arrests of journalists, and a more assertive foreign policy in the context of the existing upheavals in the Middle East could all give foreign investors some cause for concern and caution. As a result of the analysis, BMI estimates 2010 GDP growth of 7.9% in Turkey (following on from a contraction of 4.7% in 2009 when the country was hit by the global recession).

The report's outlook for 2011 is for economic growth to lose a little steam. Turkish growth will ease back to 4.3%, and then gather a little more pace to 4.4% in 2012 and 5.3% in 2013. In the five years to 2015 the report expects growth to average 4.9% per annum.

Headline Industry Data:

• Overall, Turkish trade will remain vigorous in 2011: BMI predicts real terms growth of 7.9% (v.s. 12.2% in 2010)
• The report is now projecting cargo volume at the Port of Ambarli to grow 14.1% this year to 4.370mn tonnes
• Airfreight is predicted to grow by 7.4% to 1.627mn tonnes in 2011

For more information visit http://www.researchandmarkets.com/research/350c76/turkey_freight_tra