Turkey's economy to shrink in line with global trend- minister .hurriyet2008-detailbox-newslink { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:none; color:#000000;} .hurriyet2008-detailbox-newslink:hover { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:underline; color:#990000;} The economies of all countries around the world have contracted due to the global economic crisis and Turkey's economy and trade volume would also shrink accordingly, Turkish Finance Minister Kemal Unakitan said on Monday.

Unakitan held talks with Organization of Economic Cooperation and Development (OECD) Secretary- General Angel Gurria in the capital Ankara.
After the meeting, Unakitan said the current global turmoil was not only the crisis for Turkey, but that the whole world suffered from it.
"Turkey was prepared when the crisis arose. We had already carried out many structural reforms and taken plenty of measures," Unakitan said.
Gurria also said Turkey was more prepared against the global crisis than other nations.
Gurria said the growth rates of OECD countries would generally decrease in 2009; however, Turkey would display a successful performance among such countries.
Prior to his meeting with Unakitan, Gurria met Turkish President Abdullah Gul at Cankaya Presidential Palace.