Wednesday, May 04, 2016

Bad loans and bankruptcies sound the alarm for Turkey's economy | Daily Mail Online

Bad loans and bankruptcies sound the alarm for Turkey's economy

By Reuters

Published: 01:19 EST, 4 May 2016 | Updated: 01:19 EST, 4 May 2016

By Asli Kandemir

ISTANBUL, May 4 (Reuters) - After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real economy which risks denting support for the ruling AK Party.

More:Bad loans and bankruptcies sound the alarm for Turkey's economy | Daily Mail Online