web analytics
September 22, 2014 / 27 Elul, 5774
At a Glance
InDepth
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Turkey’s Trade Deficit Reveals an Economy in Deep Trouble

Palestinian Authority students in Gaza rallying for Turkish President Recep Tayyip Erdogan to visit the enclave in 2011. (archive)

Palestinian Authority students in Gaza rallying for Turkish President Recep Tayyip Erdogan to visit the enclave in 2011. (archive)
Photo Credit: Abed Rahim Khatib / Flash 90

“Despite the growth, the ratio of exports to GDP has remained almost level at 16-18 per cent for the past 11 years,” he says, pointing out that the average for a BB-rated country is 32 per cent and for a BBB-rated country 42 per cent. By the end of this year Turkey may see a further deterioration in both its foreign trade balance and it scurrent account deficit.

All of which leaves the government of Recep Tayyip Erdogan with some tough decisions.

Originally published by the Gatestone Institute http://www.gatestoneinstitute.org

About the Author: David P. Goldman writes the "Spengler" column for Asia Times Online, and contributes frequently to The Tablet, First Things, and other publications. He was global head of debt research for Bank of America (2002-2005), global head of credit strategy for Credit Suisse (1998-2002), and also held senior positions at Bear Stearns and Cantor Fitzgerald.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Turkey’s Trade Deficit Reveals an Economy in Deep Trouble”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Ex-KKK Wizard David Duke.
Five Anti-Zionist Doctors ‘Hijack’ Medical Journal to Dump on Israel
Latest Indepth Stories
Cannabis Greenhouse

Research shows that high doses of marijuana can produce acute psychotic reactions, lower IQ in teens

donny pic

The current missionary problem in Samaria is still relatively unknown throughout Israel&to most Jews

Jewish Holidays' Guide for the Perplexed

Rosh Hashanah is a universal, stock-taking, renewal and hopeful holiday,

The New York Times building is only the cover page for what goes

No mutual clash between parties, it was Jews repeatedly attacked by Arabs, not the other way around.

Israel would love to be in the coalition,but it’s never going to happen, because, in the end, most of America’s allies would walk away if Israel were on board officially.

Why has his death been treated by some as an invitation for an emotional “autopsy”?

SWOT analysis: Assessing resources, internal Strengths&Weaknesses; external Opportunities&Threats.

Strategy? For the longest time Obama couldn’t be bothered to have one against a sworn enemy.

Seventeen visual skills are needed for success in school, sports, and everyday life.

We started The Jewish Press. Arnie was an integral part of the paper.

Fear alone is substantial; without fusing it to beauty, fear doesn’t reach its highest potential.

Fortunate are we to have Rosh Hashanah for repentance, a shofar to awaken heavenly mercy.

Arab leaders who want the US to stop Islamic State are afraid of being dubbed traitors and US agents

National Lawyers Guild:Sworn enemy of Israel & the legal arm of Palestinian terrorism since the ’70s

More Articles from David P. Goldman
"A harvest of deathת" a famous scene from the aftermath of the Battle of Gettysburg, in Pennsylvania, in July of 1863.

America forgets that it corrected the flaw in its founding by killing 30 percent of Southern men of military age during its own Civil War.

Palestinian Authority students in Gaza rallying for Turkish President Recep Tayyip Erdogan to visit the enclave in 2011. (archive)

At 18% interest, consumers have to borrow to pay the interest on previous loans. In other words Turkish banks are capitalizing interest, and booking profits on loans that would go sour if they stopped lending additional money to borrowers to pay the interest. The much-vaunted strength of Turkey’s banks appears to be an illusion.

It appears that the Russians, the Turks and the Saudis will keep Syria at a low boil, making it difficult for either side to fully impose its will on the other, and impossible for a Sunni Islamist regime to emerge. What is remarkable, though, is the success of Russian diplomacy: despite all of the Obama administration’s courtship, the Erdogan government has decided to signal its dependence on Moscow in the most visible -and, for Washington- humiliating way possible.

Printed from: http://www.jewishpress.com/indepth/analysis/turkeys-trade-deficit-reveals-an-economy-in-deep-trouble/2012/08/05/

Scan this QR code to visit this page online: