Growth Still Unbalanced

October 2005
Emerging Europe Monitor: South East Europe Monitor;Oct2005, Vol. 12 Issue 10, p1
Country Report
Country Report
The article presents information about slow domestic demand growth and export expansion in Turkey. Turkey was one of the fastest growing economies in the world in 2004, but the pace will slow markedly as private sector spending growth falls to more sustainable levels, and export expansion remains modest. The second risk is related to high oil prices. However, even if prices do not rise further, there would still be a knock-on effect for domestic inflation and export growth, given their dampening effect on Euro zone growth and domestic costs.


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