//
you're reading...
Politics & Economics

Turkey: A former emerging market star stumbles

cnbcTurkey’s economy once enjoyed China-like growth rates, with gross domestic product expanding at 8.8 percent as recently as 2011, and 9.2 percent the year before that.

But things have changed.

Turkey’s GDP has tumbled from the highs of recent years to what experts call a disappointing 2.9 percent in 2014—which is higher than typical growth in developed nations like the United States, but weak for an emerging country. (Tweet This)

The once-burgeoning market needs a boost in political confidence in order to grow, experts say, by taking proposed economic reforms more seriously and restoring a system of checks and balances into the government. But recent political developments have caused some to doubt whether those things will happen.

Check out the full story here.

Image via Greg under Flickr CC.

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: