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Slowing consumer spending in Turkey.

Publication: Market Europe
Publication Date: 01-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Turkey is the fastest growing member of the Organization for Economic Cooperation and Development (OECD) with average annual GDP growth from 2002 through 2005 of 7.5 percent, according to International Monetary Fund (IMF) statistics. In spite of this fact, Morgan Stanley's Global Economic Forum (GEF) is not optimistic about consumer spending in Turkey during 2007.

The GEF notes that consumer spending during 2005 increased 8.8...

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