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November 24, 2009 -

The Turkish Bulletin – November 24th 2009

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During the last two weeks, the Turkish economy was highlighted by the following items:

  • Central Bank cut rates by 25bps. Total rate cuts amount to 1025bps since Nov. 08.
  • Budget Deficit keeps on widening.
  • Current Account’s deficit slightly resurged as it posted a deficit of US$0.9bn in Sept09 but still at much lower levels compared to previous years.
  • Unemployment rose to 13.4% in Aug09, from 12.8% in July.
  • IMF: no development was recorded.
  • The Turkish Bulletin – November 24th 2009 (125 ko)

    Read the Flash version of the Turkish Bulletin