Friday, October 31, 2008

IMF says Turkey economy in good shape, but obstacles ahead - Summary : Business

"IMF says Turkey economy in good shape, but obstacles ahead - Summary

Ankara - The International Monetary Fund (IMF) on Friday said the Turkish economy was in better shape than it was in the past but that the global credit crunch is a danger for an economy dependent on external financing. "The Turkish economy is more resilient today than in the past, but will unavoidably be affected by the retrenchment of inflows to emerging market countries," the IMF said in a statement posted on its website."

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