Economy may contract 7 pct in 2009

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Economy may contract 7 pct in 2009
Oluşturulma Tarihi: Mart 20, 2009 00:00

ANKARA - Turkey’s economy may contract 7 percent this year as exports drop and the government delays a new loan accord with the International Monetary Fund, Istanbul-based Oyak Securities said.

Oyak revised its estimate from a previous 2 percent contraction, chief economist Mehmet Besimoğlu said in an e-mailed report to investors yesterday.

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