Low interest rates are spurring growth, but Turkish businesses are struggling with debt as the country’s currency hits new lows against major hard currencies. Could Turkey become a flashpoint for another economic crisis?
The result had been under review after President Erdogan and his AKP party cried foul. The president has called for a rerun of the vote, yet it is unclear if the election board will accede to that wish.
The economic outlook for the 23 countries that make up the World Bank's Europe and Central Asia unit is gloomy. To improve things, the unit's chief economist Asli Demirguc-Kunt suggests a push for financial inclusion.
After a series of rises, the US central bank's policy meeting decided to hold interest rates in their current range. It also predicted a gloomier outlook for growth than that coming from Trump's White House.
A high-profile slander case against DW contributor Pelin Unker has been thrown out in Turkey due to a statute of limitations. The reporter had already been sentenced in a similar case over her "Paradise Papers" reports.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version