Turkey's economy would shrink by 5.2 percent in 2009, the semi-official Anatolia news agency quoted a report as saying Tuesday.
That was a worse prediction than a 4.1 percent contraction expected by the Turkish Industrialists' and Businessmen's Association (TUSIAD) in April, said the latest report by TUSIAD.
The gross domestic output (GDP) value would tumble 8.4 percent in the second quarter, steeper than the 13.8 fall in the first quarter under the impact of the global financial crisis, said the report.
However, the Turkish economy would recover to an annual growth rate of 3.7 percent in the fourth quarter of 2009, the TUSIAD said.
Turkey's inflation rate would reach 5.5 percent at the end of 2009, it added, slightly higher than a 39-year low of 5.24 percent in May as the recession dampened demand.
The central bank predicted the Turkish economy to shrink 4.9 percent this year. It has reduced its overnight borrowing rate to a record low of 8.25 percent after nine consecutive cuts to shore up the ailing economy./.