EU

Eurozone Crisis to Slow 2012 Growth, but Outlook for Turkey is Promising

Trend Turkey’s economy is growing at a slower pace than it did in H1 2011, a trend that will become more pronounced through 2012 Drivers Demand for Turkish exports is slowing as the sovereign debt crisis drives recession in the…

The Sovereign Debt Crisis in Emerging Markets (Part I)

What happened? In 2008, banks stopped lending as they were forced to use capital to absorb losses from deteriorating investment portfolios. When lending dried up, business struggled, industrial production contracted, and jobs were lost. Job loss drove the consumer into…