Turks told to beware Q1 pre-election gift of 7.4% GDP growth with ‘hard landing ahead’
By bne IntelliNews June 11, 2018
“Citizens of Turkey, this is your captain speaking: Prepare for a hard landing.” The Turks certainly won’t be hearing such a message from their president, Recep Tayyip Erdogan, in the run-up to the June 24 snap elections, but the opposition will be going all out to warn voters that the June 11 announcement of 7.4% in first-quarter GDP growth is a deceptive pre-poll gift as it merely demonstrates that their country’s overheating economy is set to come down to earth with a bump—something that should be demonstrated once the second-quarter figures are compiled.
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