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usamettin CINDORUK] Political pressure groups and leaders: Turkish Confederation of Labor or Turk-Is [Bayram MERAL]; Confederation of Revolutionary Workers Unions or DISK [Ridvan BUDAK]; Moral Rights Workers Union or Hak-Is [Salim USLU]; Turkish Industrialists' and Businessmen's Association or TUSIAD [Muharrem KAYHAN]; Turkish Union of Chambers of Commerce and Commodity Exchanges or TOBB [Fuat MIRAS]; Turkish Confederation of Employers' Unions or TISK [Refik BAYDUR]; Independent Industrialists and Businessmen's Association or MUSIAD [Erol YARAR] International organization participation: AsDB, BIS, BSEC, CCC, CE, CERN (observer), EBRD, ECE, ECO, ESCAP, FAO, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IDB, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, NACC, NATO, NEA, OECD, OIC, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMOP, UNOMIG, UNPREDEP, UNRWA, UPU, WEU (associate), WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Nuzhet KANDEMIR chancery : 1714 Massachusetts Avenue NW, Washington, DC 20036 telephone: [1] (202) 659-8200 consulate(s) general: Chicago, Houston, Los Angeles, and New York Diplomatic representation from the US: chief of mission: Ambassador Marc GROSSMAN embassy : 110 Ataturk Boulevard, Ankara mailing address: PSC 93, Box 5000, APO AE 09823 telephone: [90] (312) 468-6110 FAX: [90] (312) 467-0019 consulate(s) general: Istanbul consulate(s): Adana Flag description: red with a vertical white crescent (the closed portion is toward the hoist side) and white five-pointed star centered just outside the crescent opening Economy Economy - overview: Turkey's dynamic economy is a complex mix of modern industry and commerce along with traditional village agriculture and crafts. The economy has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. The current economic situation is marked by strong growth coupled with worsening imbalances. Real GDP expanded by about 7% in 1996 but inflation rose to 80%, the current account deficit reached about 3% of GDP, and the public sector fiscal deficit probably topped 10% of GDP, leading to speculation that the country could be headed toward a repeat of its 1994 financial crisis. To some extent, Ankara is caught in a vicious circle because half of all central
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