By JOE PARKINSON | OCTOBER 27, 2010
ISTANBUL—Turkey's trade deficit widened almost 70% on the year in September to $6.7 billion, data showed Wednesday, marking the fastest expansion since April and stoking concerns that the emerging market's structural imbalance could pose a longer-term threat to growth.
According to figures released Wednesday by the official statistics agency Turkstat, September's $25 billion of imports rose five times as fast as exports, underscoring the powerful impact of domestic demand in an economy that's expected to expand 6.8% this year, after tying China for the fastest growth in the Group of 20 in the second quarter, at 10.3%.
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A Press Review BLOG which covers important news from foreign sources about Turkey. Most of the news to be shared will be in English unless it is about the integration debates in Germany. As it is one of the issues which I am interested in, integration policies and articles regarding to German citizens of Turkish origin might be in German language.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Friday, October 29, 2010
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