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Turkey : Economic Snapshot - Q2 2013

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Turkey : Economic Snapshot - Q2 2013

Following the subdued 2012 H2, Q1 surprised on the upside with growth of 1.6% q/q. A continued recovery has been indicated by robust imports in April and a pick-up in bank lending in May, which have however contributed to a significant widening of the trade deficit. Recent anti-government protests are not expected to have a lasting impact beyond H2 of 2013.

Source : Cushman & Wakefield

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