Cyprus-Forum.com

[kimon07]

Trouble ahead for Turkey
Jul 5, 2013 : The rally in Turkish stocks came to a halt in May. Erik Nielsen, chief economist at UniCredit, tells FT leader writer Ferdinando Giugliano why and the dilemma Istanbul faces of controlling its current account deficit while boosting growth.

(VID):
http://video.ft.com/2525732036001/Troub ... ce=taboola

And:

Turkey to pay hefty economic bill if Ankara maintains harsh foreign policy

1 September 2013 /BÜŞRA ÖZERLİ, ANKARA

The Turkish economy may suffer significantly in terms of lost trade and investment as a result of the government's misplaced foreign policy choices amid economic woes in emerging markets due to a tightening of liquidity by the US and soaring oil prices, Turkish analysts worry.
A national debate questioning the wisdom of Turkish policy makers intensified last week following the delay of a $12 billion investment from the United Arab Emirates (UAE) amid Turkey's continuous criticism of some Gulf countries over their support for the military coup in Egypt.

http://www.todayszaman.com/news-325043- ... olicy.html

[kurupetos]

big wow.

The c*ck is getting deeper in your sorry *rse.

[Kikapu]

Another "smoking mirrors" economic success of Turkey.

If we were to compare Apples to Apples and used the same accounting for the unemployed by using western standards, like the EU for instance, Turkey's unemployment would be about 35%-40% !

Now, lets see who is going to be the first sucker to dispute these figures?

Jobless rate falls sharply to 9 pct, data signals further improvement

The unemployment rate in Turkey dropped 0.9 percentage points year-on-year to 9 percent in April, the Turkish Statistical Institute (TÜİK), the country’s official statistics agency, said yesterday.

http://www.hurriyetdailynews.com/jobles ... sCatID=347

Even if their economy was the biggest and bes tin the world you would still have negative comments.

Are you or are you not disputing Turkey's true unemployment rate to be 35%-40%?

Lets see how brave you are!

They could have no unemployment and you would still have something negative to say.

I have for a long time been stating that Turkey's true unemployment figures are around 35%-40%, and this article below tries to explain what I have been saying, even though he is giving a very cautious conservative figure at 20%. I guess he doesn't want his nuts chopped off by Erdogan for giving the real unemployed figures.

Turkey’s real unemployment rate 20 pct when all jobless considered

MUSTAFA SÖNMEZ

There are over 6 million real unemployed people in Turkey, creating a jobless rate of 20 percent, almost doubling the official figures. Higher unemployment, officially or unofficially, appears set to be the biggest nightmare for Turkey in the coming years

The accuracy of an official unemployment rate is open to discussion in almost all countries, not just in Turkey. There is generally some discrepancy between official numbers and real numbers. The official unemployment rate is based on different assumptions and defined in varied ways. A person over 15 years old is not included in the workforce unless s/he applies for a job. For instance, over 11.4 million women are not included in the workforce as they are grouped as “housewives.” Therefore, they are not seen as unemployed. If even one-fourth of them had been included in the main group of the workforce, Turkey would be one of the countries with the highest unemployment rate, leaving Spain, Portugal and South Africa behind. While three-fourths of the male population over 15 years old are included in the workforce, only 31 percent of Turkish women over 15 years old are part of the workforce.

http://www.hurriyetdailynews.com/turkey ... sCatID=344

[Viewpoint]

And your point being? Can you also give us the unemployment figures of Spain Portugal and Greece for comparison.

[B25]

And your point being? Can you also give us the unemployment figures of Spain Portugal and Greece for comparison.

ou want to compare the unemployment figures of bankrupt countries against the Turkish 'Powerhouse', yeah ok, if it makes you feel better let's.

[Lordo]

for years you have been waiting for terkey to collapse. in the mean time greece cyprus and most of eu has collapsed but you are still waiting. you have a lot of waiting to do. do you people not realise that terkey is too important to the yanks and they will bankroll all their problems just like they do to israel. are you people blind or thick or both.

[repulsewarrior]

...so you are admitting that Turkey cannot stand up for itself, that if the US should fail, you'll have zero "friends". not a very good attitude for a country which depends on many hands to be fed, especially since, it seems, Turkey is unwilling to lend her hand in return.

Lordo, Ecomomies are cyclical, it may be as the expression goes, the higher you fly the harder you fall.

[Jerry]

My guess is with figures like these the lira will weaken further still and interest rates will have to go up. If things get really bad for Erdo & co we should be ready for some sabre rattling to divert attention from Turkey's economic woes and probable civil unrest, wait for Gezi park part two!

Turkey's foreign trade deficit totaled $82.56 billion in the first 10 months of this year, an increase of $12,86 billion over the same period a year ago, figures released by the Turkish Statistics Institute (TurkStat) revealed on Friday.
Gold imports worth $13.8 billion exacerbated the gap between January and October of this year. Turkey's foreign trade gap had been $69.7 billion in the first 10 months of 2012.
The trade deficit in October alone increased by 31.8 percent over the same month of the previous year, rising from $5.6 billion to $7.4 billion.
Exports declined by 8.2 percent in October compared to same month of the previous year to $12.1 billion, while imports increased by 3.7 percent to $19.5 billion
http://www.todayszaman.com/news-332756- ... r-ago.html

[Lordo]

...so you are admitting that Turkey cannot stand up for itself, that if the US should fail, you'll have zero "friends". not a very good attitude for a country which depends on many hands to be fed, especially since, it seems, Turkey is unwilling to lend her hand in return.

Lordo, Ecomomies are cyclical, it may be as the expression goes, the higher you fly the harder you fall.

no rw i am not. what i am saying s terkey is too important to the american foreign policy to be allowed to fail. when the american system comes to an end terkey will be ok by herself. when you know there is a safety net below, you dont mind falling. terkey is developing nicely.

[kurupetos]

for years you have been waiting for terkey to collapse. in the mean time greece cyprus and most of eu has collapsed but you are still waiting. you have a lot of waiting to do. do you people not realise that terkey is too important to the yanks and they will bankroll all their problems just like they do to israel. are you people blind or thick or both.

Wait until Kurdistan is founded and then see what happens.