Turkey’s House of Cards #TurkeyEconomy
Posted by Robert Ellis | Sep 10, 2018
Already in March 2014 economic analyst Jesse Colombo warned in Forbes that Turkey’s credit and construction driven economy was heading for an inevitable crash. A year later the Bipartisan Policy Center (BPC) in Washington also underlined that Turkey’s impressive growth rate was dependent on inflows of foreign capital, which subsequently began to dry up with the end of the US Federal Reserve’s QE (quantative easing) program and the following rate hikes.
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