Monday, February 9, 2015

"New Advanced Islamist" Turkey's foreign and domestic investments in free fall


"New Advanced Islamist" Turkey's foreign and domestic investments in free fall.(Bugun).

Widespread political tension and polarization have taken their toll on the Turkish economy, with the numbers falling well below those outlined in the 2014 investment incentive certificate.
The numbers of investments are down 18 percent, projected job growth down 25 percent and investment value is down 36 percent, which drops even further to 46 percent when factoring in inflation.
The widely criticized departure from democracy and the rule of law, climate of unpredictability, loss of trust in courts and issues with neighboring countries have practically eliminated trust and stability. Unable to know what to expect, both foreign and domestic investors have shied away according to official figures updated last week.

Republican People’s Party (CHP) lawmaker Umut Oran evaluated the latest figures, saying that between the arbitrariness of governance and political instability, the decline in economic indicators was continuing with greater speed in 2015. Hmmmm........Just keep listening to the 'Oracle' of Turkey.MY humble guess is that the PM and Fidan have decided 'He has to go'.Read the full story here.

Related: Erdoğan’s speeches costing Turkey a fortune as dollar surges

Erdoğan is seen as not only weakening the Turkish Lira with his harsh rhetoric but is also a threat to the independence of the Central Bank. As a result, Turkey’s 396 million USD foreign debt reserve has jumped another 71.3 billion TRY.


Kids these days are smarter then their 'parents'.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...