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Turkey: Economic Imbalances Become More Visible
Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.
Turkey: Economic Imbalances Become More Visible / Picture: © Vindobona.org
In the last years, Turkey has recorded massive economic growth rates. The figures ranged from 7% to 9%. Last year, the GDP was up by 2.5%. As a result, Turkey´s economy does not tend to overheat.
However, the foreign trade balance and shows some weaknesses, the Turkish economist Mustafa Sönmez says. In 2011, the current account deficit has reached 10% of GDP. Last year, the…
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