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Although the economy contracted in Q2 for the first time in two years, this followed a particularly robust rebound of 1.8% q/q in Q1. Exports have been driving the economy in recent quarters on the back of a more competitive lira and improving demand from abroad. Deceleration in domestic demand is expected to lead to a slowdown in growth this year compared to 2013, albeit with forecasts being upgraded; 3% is now expected for 2014.
Source : Cushman & Wakefield
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