"Turkish CA deficit and growth
Author: Emre Deliveli · July 24th, 2011 · Comments (0) Share This Print 0 0
As I mention in this week’s Hurriyet Daily News column, IMF’s latest Turkey forecasts were criticized for having let the current account deficit stick around 10 percent even with sharply falling growth.
In the column, I noted that there isn’t simple relationship between Turkey’ s current account deficit and growth, giving the 2006-2008 episode as an example. That was kind of cheating, as oil prices were an important factor that period:"
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