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Sunday, December 19, 2010

Turkey has the Potential to - WSJ.com

"Turkey has the Potential to Override Hot-Money Risks

By JOE PARKINSON

China may be grabbing the headlines, but one of the biggest winners of the financial crisis has been Turkey.

Its economy is surging—expanding 9% on the year in the 9 months to October, powered by an industrial sector firing on all cylinders. The auto industry is emerging as an alternative production hub, while free-spending consumers are sucking up easy credit from comfortably capitalized banks, helping to fire the boom. "

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