Turkey remains stuck in perilous proximity to economic crisis, as households and businesses defer spending and investment in the face of weak growth. Source: NYT > Business – Peter S. Goodman
In Firing Central Bank Chief, Turkey’s Leader Trades Credibility for Growth
The move by Recep Tayyip Erdogan dealt a new blow to the central bank’s credibility while threatening to intensify the nation’s wrenching economic crisis. Source: NYT > Business – Peter S. Goodman
Turkey’s President Removes Head of Central Bank
Differences between Recep Tayyip Erdogan and the bank’s governor, Murat Cetinkaya, had deepened as the bank held its benchmark interest rate at 24 percent. Source: NYT > Business – Reuters
For Erdogan, the Bill for Turkey’s Debt-Fueled Growth Comes Due
Istanbul voters’ rebuke of the nation’s strongman leader speaks to broader dismay over the economic disaster he oversaw. Source: NYT > Business – Peter S. Goodman
Turkey’s Plan for Economy Is Seen as Tepid Response to Downturn
Amid political turmoil, a blueprint by President Recep Tayyip Erdogan’s government avoids the tougher steps economists say are needed to reverse a recession. Source: NYT > Business – JACK EWING
Turkey’s Currency Falls, Then Rises, in Day of Volatility
A sudden drop in the central bank’s foreign reserves sparked fears about the country’s economic stewardship. Source: NYT > Business – MICHAEL J. de la MERCED