Turkey’s Economy Survives and Thrives, Even in
Despite strife in neighbouring countries, domestic political turmoil, and an uncertain global recovery, Turkey’s economy remains resolute.
All the positive actions taken at G20 level under the Turkish Presidency cannot hide the fact that 2015 has been a turbulent year for the global economy, as markets have grappled with the twin spectres of a Chinese economic slowdown and an expected hike in U.S. interest rates. In September, the Organisation for Economic Cooperation and Development (OECD) cut its global growth forecasts from 3.1% to 3% in 2015, and from 3.8% to 3.6% in 2016.
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