The worldwide economic problems seems to be hitting Turkey, one of the most rapidly expanding economic zones on the planet. The government has lowered its growth estimates and says that it now imports more goods and services than it can export.

The Turkish Deputy Prime Minister and Finance Minister Ali Babacan said on Thursday that the state's economic activities are likely to reduce pace in 2012.

He said that the government had reduced its future estimates for economic growth to 4 percent in 2012 from 5 percent, after touching an estimated 7. 5 percent in 2011.

Until recently, the Turkish economy looked to be resistant to the negative news, maintaining a significant level of growth during the past few years.

A substantial amount of goods being imported into a reigion relative to being exported can easily suggest an unbalanced economy. To rectify the imbalance, countries borrow funds from other countries, typically at low interest rates. Yet the longer the deficit persists, the higher the level of investment debits will be accrued, taking a toll on a country's long-term economy.