EuroFora

European view on the WORLD => on Geopolitical REGIONS => Topic started by: JohnsonE on July 18, 2013, 11:20:05 AM



Title: Turkish Stock Market -16 % Fall since May !
Post by: JohnsonE on July 18, 2013, 11:20:05 AM
The Turkish Stock Market fell fown for - 16 % since May, while even the Turkish currency, "lira" was falling - 7 %, and Inflation is expected to jump up to more than +7% for this year, (Monetary Depreciation reaching, thus more than - 14%). In addition, the Current Accounts' Deficit persists, 80% of it being supported only by Short-Term Lending from Abroad, which is notoriously Volatile, and, therefore, Unstable and Shaky, with  particularly Low Savings and/or Investment percentages, (smaller than in any other among  similar Countries)...