• Why Can't Turkey Stop Its Economic Nose-Dive?

    5 days ago - By Washington Post

    Turkey's economic outlook has deteriorated so much that bankers and traders are starting to talk about the need for an International Monetary Fund rescue - a taboo topic until recently. Some even worry that President Recep Tayyip Erdogan will impose capital controls as a last-ditch effort to avoid raising interest rates and stop a currency plunge. Since an election in June gave Erdogan expanded control over the economy, concerns have grown that he'll adopt some of his less-orthodox economic vie
    Read more ...