While Turkey’s economy expanded by more than 7 percent last year, some signs point to economic turmoil ahead. Foreign capital has been leaving the country and one in five young people are out of work.
The European Commission has released new economic growth forecasts. Europe's major economies are expected to grow in the next two years — but at a slower rate than the Commission had previously forecast.
Swedish furniture behemoth Ikea is taking longer than expected to open its first store in India, after the firm recently postponed its grand opening in Hyderabad. Analysts say it faces a long journey in a tough market.
Turkey's new finance minister has offered a few words to reassure skeptical markets amid nepotism allegations. The lira, already under strain, has taken a further beating since Berat Albayrak assumed the post this week.
For years on end, Turkey has been able to log astonishing growth rates. But economists are now sounding the alarm bells, saying that political uncertainties are not the only cause for concern in the coming months.
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