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Message to Ankara; Emerging Markets
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 403 no. 8779 (Apr. 2012)
,
page 13-14.
Topik:
Current Accounts
;
Trade Deficit
;
Statistical Data
;
Gross Domestic Product--GDP
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.71
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Compared with the mess that many rich countries are in, most emerging economies seem in pretty good shape. Apart from the poorest places that habitually rely on the IMF's subsidised help, only a handful of emerging economies, mainly in eastern Europe, have had to turn to it for funds. This resilience is impressive. But it would be a mistake to assume it will last for ever. For even as rich-world investors pile back into emerging-market funds, a quick glance at these countries' vital statistics suggests that plenty of places have a problem or two. Based on the standard warning signs of trouble--from rapid credit growth and high inflation to a big external deficit--one country stands out. It is Turkey. For the past decade Turkey has enjoyed a spectacular boom. Cheap money in the rich world has allowed Turkey to dodge an immediate crisis. Tighter fiscal policy would help reduce the current-account deficit. But it will not be enough.
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