Global Risk Intelligence (JD Supra Turkey)
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Political and Financial Risks Facing Turkey’s Economy
While Turkey’s economy seems to have successfully recovered from a recession, certain risks may threaten its economic health moving forward. The country faced three straight quarters of recession through quarter two 2019, precipitated by a roughly 30% devaluation of the lira. On December 2, the government’s Turkish Statistical Institute (TUIK) announced that the country had grown by 0.9% in the...
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