"Astar is born" is how Akbank chairwoman Suzan Sabanci Dincer describes Turkey's resur-gence following the recent international crisis. Having suffered a banking meltdown in 2001-02, which cost about one-third of the country's gross domestic product (GDP), Turkey's government overhauled its regulations and put the industry on a conservative path. The fundamentals of the country's economy are now coming together - growth, inflation, debt-to-GDP ratio and budget deficit ratio - to create a virtuous circle whereby Turkey could become investment grade before the end of 2011.
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