LONDON, Sept 17 (Reuters) - Turkey's inflation will come in below the country's 7.5 percent inflation target this year, Turkey's economy minister Ali Babacan said on Thursday.
"We are going to hit below our inflation target this year," Babacan said in a speech.
Turkish consumer prices fell 0.3 percent month-on-month in August, giving a year-on-year rise of 5.33 percent. For more see [ID:nL3518282].
Turkey revised down its 2009 forecast for gross domestic product on Wednesday to a contraction of 6 percent from a previous estimate of a 3.6 percent contraction, and forecast a much larger budget deficit than its original projection. [ID:nLG151474] (Reporting by Carolyn Cohn; Editing by James Dalgleish)