Political instability hit Turkey's economy hard. However, the fall in the value of the Turkish currency, the Lira, has actually acted as a stimulus to consumer spending. Now the country's economy is climbing once again.
Gross domestic product (GDP) figures may continue to be released like clockwork every quarter, but they increasingly provide an incomplete picture of economic activity, argues Swiss economist Thomas Straubhaar.
Germany's statistics office has said the German state last year logged the highest annual surplus since the country reunited in 1990. The result came on the back of record-low unemployment and low interest rates.
The shared use of cars, music, accommodation, files and more looks set to increase in Germany, a new survey shows. Germany's share economy market is worth more than €20 billion, according to the survey.
Economic growth in India is forecast to beat out last year. The emerging economy is thus on track to regain the title of the world's fastest growing major economy, once again overtaking China.
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