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Upbeat Turkish jobs and revenue data


Upbeat Turkish jobs and revenue data


Mixed news about Turkey’s economic recovery.

The unemployment rate hit its lowest level since October 2008, falling to 12 percent of the working population between March and May.

Sharply higher state revenues mean Turkey’s recession-fuelled deficit fell in the first half of the year.

But analysts said a rise in state spending in June should be monitored concerns and fiscal reforms may be delayed.

The high level of unemployment in Turkey is a sensitive issue for Prime Minister Tayyip Erdogan and his ruling AK Party as they prepare for parliamentary elections in July next year.

Curbing expenditure and raising tax revenues has been high on the government’s agenda

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