Turkey: A former emerging market star stumbles
Politics & Economics

Turkey: A former emerging market star stumbles

Turkey’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 … Continue reading

Personal Income, Spending Rates Fall Short
Politics & Economics

Personal Income, Spending Rates Fall Short

Personal income grew less than expected and personal spending decreased more than expected in January. Still, both indicators are faring better on a year-over-year basis. The January report, released by the Bureau of Economic Analysis, disappointed economists who hoped recent increases in wages and total number of jobs would translate into a growth in personal … Continue reading