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Title: IMF warns Turkey for Recession ! -Big CA Deficit, 9% Inflation, 10% Unemployment Post by: Breadman on December 24, 2013, 01:39:00 AM IMF warned Turkey that Recession is looming, particularly if its huge Deficit in the Current Accounts persists to grow in Worrying proportions, after reaching already - 7,4 % for 2013.
Thus, a bumpy Crash would be inevitable "in case of an abrupt Delay or Stop of Foreign Capital influx", while Inflation jumped up to more than +8,8% recently, during this year.. But, meanwhile, Unemployment in Turkey has already Reached around + 10 %... |