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Tuesday, January 06, 2015

Why is Turkey falling behind in attracting FDI? - GÜNEŞ KÖMÜRCÜLER

Why is Turkey falling behind in attracting FDI?

Turkey has a severe current account gap problem. The gap has recently decreased to 6 percent of the country's GDP, but this has mainly been caused by the plunge in oil prices. As Turkey is dependent on foreign sources in energy, its energy bill is now decreasing. But this is not the cure to the problem. The Turkish economy continues to be fragile against global currency shocks with the existing structure.

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