Turkey

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Turkey has high hopes of becoming a major transit hub for land and sea cargo freighting, linking Central Asia and the Middle East with Europe, though it will need to invest heavily in infrastructure if its hopes are to be fulfilled.
Although an upturn is expected in 2010, the correlated real estate and construction sectors have been scaling back as the global economic crisis takes effect, with predictions of a lean year.
Politically and economically, Turkey had a frustrating year in 2008, with the government's reform programme losing pace as a result of fighting a court battle to avoid removal from office, just as the effects of the global economic crisis began to set in.
Turkey's automotive sector, one of the driving forces behind the country's export boom, has shifted down a gear and is in danger of going into reverse as overseas and domestic sales slump.
The outlook is mixed for Turkey's aviation industry, with the country's national flag carrier planning a massive expansion programme while some smaller lines are looking to cut routes and costs as the Turkish economy slows.
Turkey's growing trade and investment ties with the Gulf could provide a helpful boost to the country's currently small Sharia-compliant banking sector.

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