Despite the whopping 13.8% y-o-y real GDP contraction in Q109, I have stuck to my view that Turkey is among the best macro plays in emerging Europe. This strategic view has been formed out of three key premises: 1. The Turkish banking sector is among the most stable in Europe with among the highest growth [Read more...]
In light of recent economic data from the US, Tim Cooper - Global Economic Strategist at Business Monitor International - suggests that the US recession may now be over. However, he believes that there is little to cheer about at this stage, as the recovery process will be very prolonged and slow.
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