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