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TURKEY: INFLATION RATE COULD REACH SINGLE DIGITS - MORGAN STANLEY.(Brief Article)
IPR Strategic Business Information Database, October, 2004
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According to Hurriyet, Turkey's disinflation is not an idiosyncratic development, with an expected inflation rate this year of 8.95%, down slightly from a long-held estimate of 9.40%, and 6.50% expected in 2005, said a new report on the Turkish economy by international investment bank Morgan Stanley.
Morgan Stanley also added that Turkey's new pre-accession strategy for EU membership, along with the International Monetary Fund's blessing, will help to strengthen structural adjustments and keep macroeconomic convergence on track.
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