UPDATE 1-IMF sees Turkey growing 3 pct in 2012, warns on c/a gap

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ISTANBUL, Oct 8 (Reuters) - The Turkish economy is expectedto grow at a more measured pace of 3 percent in 2012 despiteweak growth in the European Union, while the current accountdeficit is likely to decline to 7.5 percent of GDP, theInternational Monetary Fund said on Monday.

"Turkey continues to face some considerable risks given thelarge current account deficit and the volatile nature of globalcapital flows in an uncertain external environment," the Fundsaid in the concluding statement of its mission to Turkey forArticle IV consultations.

It said that beyond 2012, Turkey was in a good position toreturn to its long-term trend growth rate of around fourpercent.

The Fund also said it was important that the government'smedium-term fiscal plan for 2013-15 sets strengthening thebudget structure as a key objective.

(Reporting by Seda Sezer; Writing by Daren Butler; Editing byNick Tattersall)

((daren.butler@thomsonreuters.com)(+90-212-350 7122)(ReutersMessaging: daren.butler.thomsonreuters.com@reuters.net))


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