Turkey has continued to separate itself from debt-ridden Western economies with its high performing Istanbul Stock Exchange (İMKB), on the back of higher growth rates and other positive macroeconomic data.
The Istanbul bourse has recorded the highest increase in value in the world, with 23 percent for the year to date, outscoring its closest rival, the Philippines, by 3 points.
Turkish economy shines with its first-quarter growth rate, inflation data for June, industrial production figure for May, and finally its better-than-expected current account deficit, at a time when global recession concerns are exacerbated by deepening eurozone debt woes.
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