'Global investors trust Turkey's long-term performance'

ISTANBUL

International investors trust the Turkish economy's long-term performance, the head of the Turkish Banking Association (TBB) said on Monday.

Investors forecast that the Turkish economic recovery will continue next year, Huseyin Aydin said in a statement after meeting with representatives of leading international financial institutions and bankers at the Turkish Embassy in Washington, D.C.

The embassy reception took place on the sidelines of the annual meetings of the World Bank Group and IMF in Washington, which ended Sunday, and addressed global and regional developments, he added.

He also said interest rates in advanced economies are expected to remain low.

"Low interest rates are expected to accelerate short-term capital flows to developing countries, while investors are expected to be selective due to geopolitical risks," Aydin said.