The World Economic Forum's Head of Europe Nicholas Davis said that Turkey’s economy is strong and "remains better than many other European economies".
Turkey's Prime Minister Recep Tayyip Erdogan has been invited to attend the annual meeting of the World Economic Forum, where more than 2,500 participants, including over 40 heads of state and government will convene in Davos, Switzerland from January 22 to 25, 2014.
Davis told the AA correspondent that the country can benefit from a very competitive domestic market and already has a strong infrastructure.
He noted that in order for Turkey's growth to continue over the long term, it needs to implement a number of reforms to support its underlying productivity, including in the labor and goods markets, as well as building on investments.
Davis added: "The Forum's research indicates that Turkey's economy is the 44th most competitive in the world and it remains better than in many other European economies."
Talking about Turkey's target to become one of the top 10 economies in the world by 2023, Davis said: "Whether Turkey enters the top 10 in 2023, it is a question of relative growth rates, not simply absolute ones. So the outcome is highly uncertain and we will depend on the growth of other countries which currently rank close to the top 25 countries by GDP."
He adds: "In building competitiveness over time, Turkey needs to implement the range of reforms which have been identified as crucial to its economic productivity. Nevertheless, Turkey's neighbors can indeed look to it as a role model in economic development."
The forum will bring together three regions, Europe, MENA and Eurasia.
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