"IMF: Turkey’s fragility continues
EkoTürk News Agency / Ankara
The International Monetary Fund (IMF) declared that due to high oil prices, relatively wide global liquidity, increasing capital inflows and the real valuation in YTL, the current accounts deficit continued with its deterioration also in 2005. The IMF pointed out that Turkey continued to be fragile towards the changes regarding the approaches of the investors and estimated that the growth rate in Turkey would be 6 percent and the current accounts deficit/Gross National Product rate would be 6.5 percent."
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