Turkey feels the pain as neighbouring economies go down the drain
The Australian
October 17, 2015 12:00AM
Turkey’s gloom isn’t all political. As Ataturk’s historic creation frays at the edges, Turkey’s economy is in a funk. It rebounded strongly from the global financial crisis — economic growth hit a China-beating 9 per cent in 2011 — but it is chugging along below 3 per cent now, less than half its pre-GFC norm. For such a youthful population — 40 per cent of its 78 million people are under 22 — that’s disappointing.
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