Inflation and growth on target, but deficit a problem for Turkey's economy
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Turkey has its endemic inflation under control and its growth rate is impressive, but experts say it must deal with a huge public deficit and knock its labyrinthine bureaucracy into shape if it gets the go-ahead Friday to start membership talks with the European Union.
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Inflation reached a 27-month high while figures for growth suggested that the broader economy was not yet overheating.
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Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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Analysis: Even as its effort to join the European Union faces growing obstacles, Turkey's economy is making it more European than ever
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MANILA : Economic growth prospects in the Philippines this year remain on track despite rising oil prices and a volatile peso as long as the government fixes its fiscal woes, President Gloria Arroyo has said.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided they  do not rise sharply from current levels, top Federal Reserve  policymakers said on Tuesday.
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A "whiff" of stagflation will  linger about the U.S. economy through next year as growth slows  and inflation holds at a level higher than the Federal Reserve  would like, according to the latest UCLA Anderson Forecast  report.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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RICHMOND, Virginia  - Weaker U.S. growth means more interest rate cuts are "quite possible" but policy-makers cannot ignore inflation, a top Federal Reserve official said on Friday, reinforcing hopes of another easing later this month.
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The steady decline of the U.S. dollar could set the stage for inflation and slowing global growth.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years, but a closely watched inflation gauge unexpectedly accelerated, data showed showed on Thursday.
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The global economy is set for another   year of strong growth, the International Monetary Fund said on   Thursday, but it warned that rising inflationary pressures and   a slowing U.S. economy were growing dangers.
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The Federal Reserve said the economy appeared to be growing at a âmoderateâ pace but offered a somewhat cautious reading on inflation.
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ANKARA: Turkey is hoping to attract $15 billion of foreign investment between 2005 and 2007 through reforms designed to overhaul its economy and ease the country&#39;s entry into
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years, but a closely watched inflation gauge  unexpectedly accelerated, data showed showed on Thursday.
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BEIJING -- China&#39;s inflation rate slowed sharply in November, kept in check by lower price rises for food as government efforts to curb the economy began to bite, official data showed Friday.
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Perhaps in keeping with the holidays, November&#39;s consumer prices report rang a bell, rather than trigger inflation alarms the way October&#39;s did.