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Wednesday, January 16, 2008

WB official raises concerns over Turkeys current account deficit

"WB official raises concerns over Turkeys current account deficit
The low level of Turks in the workforce was well below international standards, said Zachau.

ANKARA - Turkey’s rising current account deficit is a matter of concern, a senior World Bank official said Wednesday. Ulrich Zachau, the bank’s Turkey Director said that while the country had made a number of advances in recent years, the management of macro economic risks would be important in 2008 and following years."

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