IMF gets tough with Turkey | beyondbrics:
"Too much public spending, excessive reliance on domestic demand and loose monetary policy – the International Monetary Fund has made clear its concerns about Turkey in some of its harshest criticism of the country in recent years.
Of course, Ankara has been one of the emerging markets in the eye of the storm set off by expectations of US Federal Reserve tapering. Although markets have since stabilised following the Fed’s decision to delay such a step, a big question remains how the economy will fare when the foreign funds that have fuelled it in recent years are in much shorter supply.
In this context, the Fund’s regular report, issued just in time for the IMF-World Bank meetings in Washington, could be seen either as sniping from the sidelines or as a chronicle of a downturn foretold."
'via Blog this'
No comments:
Post a Comment