Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the idea.
Tag: Inflation (Economics)
In Istanbul Election Do-Over, Erdogan’s Opponents Unify
A day after the authorities annulled a result that embarrassed the president, several minor candidates withdrew to avoid splitting the vote.
‘I Have Seen Many Crises’: Steel Magnate Stands Firm as Turmoil Hits Turkey
Despite being hurt by inflation, a falling currency and import tariffs imposed by the Trump administration, Fuat Tosyali, a Turkish industrialist, plans to expand production.
Investors Are in Retreat, and the Poorest Countries Are Paying for It
As the Federal Reserve raises rates, global investors are pulling their money from emerging markets, damaging the world’s most vulnerable economies.