P.A. Turkey

Video Commentary: Turkish economy too hot for comfort

 

Real Turkey Channel frontperson Atilla Yesilada updates viewers on how the post-election economic recovery and stabilization program is faring. There is no progress on fighting inflation, though monetary policy is significantly tighter. The other menace, namely external deficits are narrowing gradually. Winter is the worst season for the ailing Turkish currency. Will Turkey witness another currency melt-down this year? Surprisingly, the perma-bear Yesilada is more sanguine.

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