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The global lender also said Turkey's current monetary stance, which balanced the need to contain inflation with a slowing economy, should be maintained without further easing.The IMF is the latest foreign institution to signal concern about the political situation in Turkey. The Fund said it expected economic growth to fall to 2.9 percent this year, citing weak business confidence and negative domestic and external shocks. It described unemployment as "high and rising" and said uncertainty had increased following the failed coup.The IMF cautioned against further easing.The IMF said it expected inflation to remain well above the government's 5 percent target.
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