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Author Topic: IMF warns Turkey for Recession ! -Big CA Deficit, 9% Inflation, 10% Unemployment  (Read 3694 times)
Breadman
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« 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 %...
« Last Edit: December 24, 2013, 01:46:53 AM by Breadman » Logged
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