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TURKEY: IMF OFFICIAL PRAISES TURKEY'S ECONOMIC STABILITY.
IPR Strategic Business Information Database, March, 2006
According to Turkiye, International Monetary Fund Turkey Representative Christian Keller praised Turkey's "impressive" economic stability. Speaking at a Turkish Structural Capital Markets Summit, Keller stated that the Turkey's economic stability was also positively affecting the capital markets.
Keller stated that owing to the single-party government following the fall 2002 elections, political stability had been ensured in the country. Stressing that inflation had fallen to single digits, and interest rates had also dropped considerably, Keller stated that the economic growth was due to private investment, not government spending.
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