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Turkish economy faces grim outlook for 2019

THE OECD forecasts that the Turkish economy, after contracting this year, should grow again next year; Erdogan goes after former presidential candidate Meral Aksener.
A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer - RC139D2160B0

ANKARA, Turkey — The Turkish economy will contract by as much as 1.8% this year, the Organization for Economic Cooperation and Development has forecast.

The prediction came in a week that saw opposition newspapers deploring the soaring cost of vegetables, President Recep Tayyip Erdogan’s blaming the price rises on speculators whom he likened to “terrorists” and opposition leader Kemal Kilicdaroglu’s scoffing at Turkey’s having to import onions from Egypt.

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