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Wednesday, December 07, 2005

Turkish Economy Meets EU Criteria

"Turkish Economy Meets EU Criteria
By Economy News Desk
Published: Wednesday, December 07, 2005

According to the Japanese Credit Rating Agency, JCR, targeting official inflation will strengthen the outlook of the Turkish economy.

The current account deficit will not cause any problem for strong economy, structural reforms and capital entry according the JCR. The ratio of current account deficit to gross domestic product will be 6.4 percent in 2006. Turkey, which has realized most of the social security reforms and the Copenhagen reforms, has also developed in the guidelines of Maastricht Economic Criteria."

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