High deficit exposes Turkey to shocks

Report of a FT interview with Mehmet Simsek, Turkey's Finance Minister, September 2011. He said that Turkey was vulnerable to external shocks because of its high current account deficit, but the risk would diminish as the economy slows from its recent blistering rate of growth.

ESO: Background information: Turkey’s economic model faces tough test / Turkey’s 8.8% growth beats expectations http://www.europeansources.info/record/turkeys-economic-model-faces-tough-test-turkeys-8-8-growth-beats-expectations/

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