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ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. The country may enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase. The report came a day after Toyota forecasted a first-ever annual operating loss. Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U. February figures show the number of people receiving unemployment benefits rose more than , to 1.

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Worst industrial output fall in years ANKARA – Turkish industrial production declined the most in seven years in November as the global credit crisis reduced demand at home and abroad for Turkish-made goods such as cars and washing machines.

Eastern European economies are also battered, official figures show ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. Growth declines sharply ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started inthe jobless rate jumped and household spending fell.

Turkey’s Toyota forecasts up to 20 pct sector contraction in Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, forecasts a percent contraction in Turkey’s automobile sector in under the current conditions, the company said in a statement issued on Sunday.

As unemployment rises and companies slash output, outlooks support the view that Japan is headed towards deflation Output may de-crease TOKYO – Japan’s Toyota Motor, the world’s largest vehicle manufacturer, announced Friday its first annual loss and warned it would plunge deeper into the red this year because of the global direksiykn downturn.

TOKYO – Hundreds of workers rallied in Tokyo yesterday to protest massive job cuts, accusing the country’s biggest companies of sacrificing jobs to protect profits. Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U.

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Japan may shrink Fitch lowers Toyota rating TOKYO direkziyon Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market slump and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown. February figures show the number of people receiving unemployment benefits rose more thanto 1.

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TOKYO – Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier, as the global economic downturn tightened its stranglehold on overseas demand.

Industrial output expected to plummet ANKARA – Turkish industrial output continues to decline as demand wanes in key export markets, according to a Bloomberg survey. Global banking crisis deepens, ECB cuts interest rates Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which prompted European Central Bank interest rate cut on Thursday TOKYO – The world’s biggest automaker Toyota Motor will cut production by 20 percent this year as it tries to cope with falling worldwide demand, a report said yesterday.

DETROIT – Toyota Motor said Saturday it plans to launch an electric car in the United States by and boost its gas-electric hybrid offerings to as many as ten models in the early years of the next decade.

Eastern European economies are also battered, official figures show. TOKYO – Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market slump and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown.

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Workers rally against job cuts in Japan TOKYO – Hundreds of workers rallied in Tokyo yesterday to protest massive job cuts, accusing the country’s biggest companies of sacrificing jobs to protect profits.

Toyota to cut production by 20 pct TOKYO – The world’s biggest automaker Toyota Motor will cut production xireksiyon 20 percent this year as it tries to cope with falling worldwide demand, a report said yesterday.

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Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, forecasts a percent contraction in Turkey’s automobile sector in under the current conditions, the company said in a statement issued on Sunday. Japanese industrial production has biggest monthly fall in November Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started inthe jobless rate jumped and household spending fell.

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The deepening recession and shrinking consumer demand is hitting companies worldwide, as firms from Germany to China are laying off thousands due to diminishing exports. As unemployment rises and companies slash output, outlooks support the view that Japan is headed towards deflation.

GMis seeking new federal loans. Nissan Motor Co, Japan’s third biggest automaker, said on Monday asayi it would slash production in the year to March by 20 percent, and the group-wide headcount by 20, workers by the end of March TOKYO – Japan’s exports fell by nearly half in February direksiyonn a year earlier – a record drop – the government said yesterday.

As European exports are curbed and domestic demand wanes, companies are forced to cut jobs. Japanese exports fall by half in February TOKYO – Japan’s exports fell by nearly half in February from a year earlier – a record drop – the government said yesterday.

The report came a day after Toyota forecasted asqhi first-ever annual operating loss. The country may enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase Car sales in Turkey slumped The figures will be announced Thursday 5.