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Turkish Cypriot Economy : Looking Ahead to Steer the Economy Toward a Higher Growth Path - A Macroeconomic Monitoring Note (Inglés)

Following an unprecedented exchange-rate depreciation in 2018 that hammered both the Turkish and the Turkish Cypriot (TC) economies, the previous economic recovery in the TC economy collapsed. The fiscal deficit continued to shrink as the TC administration reduced expenditure due to declining budget support from Turkey. Looking ahead and doing things differently will help break this downward trend in income per capita and avoid widening the gap between...
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