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Turkey's Trade Deficit Narrows
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Turkey's trade deficit decreased in November due to a decline in imports and an increase in exports, reflecting subdued economic activity caused by low domestic demand. The central bank's interest rate hikes have contributed to the decline in imports. While exports have remained strong, major European markets are experiencing weakened demand.
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How might Turkey's narrowing trade deficit impact its overall economic growth?
How might the central bank's interest rate hikes influence Turkey's inflation rate and economic stability?
What factors could be contributing to the weakened demand in major European markets?
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