BRAINFOOD: Us and them - Turkey

Turkey's government has had a difficult task maintaining economic stability since a growing trade deficit and serious weaknesses in the banking sector tipped the economy into crisis in late 2000. An agreement with the IMF and tighter fiscal policy have helped, but Turkey needs to implement political reforms if it is to persuade the EU to open entry negotiations at the end of this year.

Last Updated: 31 Aug 2010

Turkey has a strong and rapidly growing private sector, though the state still plays a major role in basic industry, banking and utilities. The country's largest export is textiles and clothing. Of Turkey's 67.6 million inhabitants, nearly 32% are under 15, though half of 15- to 19-year-olds are neither enrolled in school nor in possession of an upper secondary qualification. Turkey's consumer price inflation is the fourth-highest in the world - in 2002 it reached a whopping 45%. Unemployment is estimated at 10.8%.

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