By Frank Holmes (Guest Post)
As Western European countries grapple with anemic growth, Turkey’s second quarter GDP rose 8.8 percent.Shares on the Istanbul Exchange sold off earlier this year on concerns of overheating, even after the economy grew 11 percent in the first quarter (recently revised to 11.7 percent), which outpaced China. Investors were concerned about high inflation and the rising disparity between the countries’ imports and exports. These, coupled with a deficit fueled in large part by the high price of crude oil imports, drove markets lower. Many experts suggested Turkey…
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