Turkish households’ general economic situation expectations have weakened with the sub-index declining by 0.3% m/m. Respondents expect unemployment to rise over the next 12 months.
Russian trade barriers take toll on sector despite hike in production of clothing and textiles.
Russia the preferred political partner of ethnic Macedonians frustrated by stalled EU accession process.
The November 2016 figure is the highest unemployment rate since March 2010, reflecting the impact of slower economic growth and weak investment appetite.
Turkey's current account shortfall, the economy’s Achilles’ heel, was $32.6bn last year versus $32.1bn in 2015. The government’s current account deficit forecast for 2017 is $32bn or 4.2% of GDP.
Turkey’s CPI inflation climbed to 11-month high of 9.22% in January as key items such as food and transport costs posted significant increases. The increase in domestic producer prices accelerated to 13.69%.
Steady expansion throughout 2016, as IFIs forecast growth of over 2% in medium term.
Unemployment still among highest in the world 20 years after war devastated Bosnian industry.
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