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Teb Nv 2001 3435
... counterbalanced the higher than expected economic contraction, budgetary expenditures were kept in line with budget projections. the primary balance of the consolidated government turkey export l c 54% collection ... that the obligation to make a provision for the net exposure to medium and low risk countries, including turkey, has been replaced by additional solvency requirements. accordingly, the ...
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Teb Nv
... more than weather the global storm and to post a profit that was close to budget. the range of products covered by the treasury department remained the same; g7 and turkey ... . as forecasts vary for 2009, it will certainly be a challenging year. high volatility and low liquidity is a serious constraint but it is expected that customer volume may increase to ...
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Layout 1
... risen by 4 percentage points. private consumption is expected to remain low because purchasing power is declining due to higher taxes and higher ... 2005 are expected to increase to total labor force. on the budget side, the expected deficit for 2005 (2.25%) will be ... competitive position worsens once again although labor costs are getting lower. low inflation, estimated at 0.9% for 2005, due to both ...
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untitled
... a wide margin in both 2007 and 2008, with inflation remaining low. the share in global output of countries like china and india ... year. in spite of the rapid increases in government spending, the budget outcome for 2006 was successful because privatization income and other one ... full-year results are not yet available, the ratio of the budget defit to gdp is projected to have fallen below report of ...
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TEB NV FR 05.fh9
... year. however, evenafterthisslowdown,gdpgrowthintheunitedstates isestimatedtobethehighestintheg7countries.looking ahead, with household savings at record low levels, there is a risk of a sharp slowing in private consumption ... remain broadly within the annual appropriation of non- interest expenditures, the enhanced budget revenues, particularly above-target non-tax and capital revenues, are the main ...
tebnv.nl
Microsoft Word - MBreport2010-08-04Final _final_.doc
... will challenge the global economy as many countries are already struggling to control either their budget or current-account balances. major central banks and governments will try to minimize the ... increase in personal consumption and private investment and supported by growth in credit at historically low real interest rates. following 2010's record high growth, the economy's growth momentum ...
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