Clouds gather for Turkey economy after attempted coup

Clouds gather for Turkey economy after attempted coup Ankara (AFP) July 24, 2016 - A six percent loss in value of its currency, a plunge on the stock market and a downgrade by a key ratings agency. The last week alone has shown that life is not going to be easy for Turkey's economy after the coup aimed at unseating President Recep Tayyip Erdogan from power. But economists say a sharply lower economic performance including a recession is not inevitable and avoiding doom ... more

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