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Turkey regular economic note (الإنجليزية)

Turkey’s economy shrank in third quarter amid temporary political turmoil and falling tourism revenues. The contractions on the expenditure side were mirrored by declines on the production side. We revise our growth forecast to 2.1 percent for 2016 because recovery in fourth quarter was weaker than envisaged earlier. Inflation surged by 1.5 pps to 8.5 percent in December. The current account deficit widened in fourth due to worsening services balance...
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