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Saturday, July 25, 2015

Ankara turns blind eye to economic downturn - Al-Monitor: the Pulse of the Middle East

Ankara turns blind eye to economic downturn

Turkey’s economy has entered a critical period. The prospect of snap elections remains alive despite six possible ways to form a coalition or minority government from the hung parliament the June 7 polls produced. The political impasse is already having a negative impact on economic indicators, atop the bruising effects of Russia’s economic crisis, civil strife in neighboring countries, the blockage of Turkey’s export routes to the Middle East and Africa, the prospect of the Fed hiking interest rates and the falling euro-dollar parity.

More:Ankara turns blind eye to economic downturn - Al-Monitor: the Pulse of the Middle East