Saturday, August 1, 2015

Turkey

'Until recently, Turkey was an emerging market darling. In 2010, its economy was growing at a robust 9.2 percent. But by 2013, GDP growth had fallen to 4.1 percent. The slowdown has continued, and growth for 2015 is now forecast at 3.1 percent, which may actually be a generous estimate. Unemployment in the country has reached 11 percent, the highest rate in 5 years...

 

Turkey was a secular Muslim country for nearly a century until 2002, when Erdogan's Islamic Justice and Development Party (AKP) rose to power.

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Turkey is currently providing shelter for nearly 2 million Syrian refugees, and that figure is projected to rise another 500,000 by the end of 2015...

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The problem is the cost—Ankara estimates that it has spent nearly $5.6 billion on refugees since the beginning of the crisis…

 http://time.com/3980085/these-5-stats-explain-turkeys-war-on-isis-and-the-kurds/

 

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