markets economist

Brittle Economy Risk For Erdogan Ahead of Turkey Poll

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At rallies ahead of Sunday’s referendum on expanding his powers, Turkish President Recep Tayyip Erdogan is fond of reciting the economic achievements of his one-and-a-half decades in power. High growth rates of up to nine percent, a stream of foreign investment, ambitious infrastructure projects and precious stability that followed the near financial meltdown of its … Read more

China Lifts Short-Term Rates For Third Month Straight To Steady Yuan, Battle Debt

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China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U. S. rates overnight. The increase in short-term rates was China’s third in as many months, and came a day after the end … Read more