28 Jun 2019
International Economy
All eyes are on the G20 Summit, in particular a talk between the US and China, the world’s superpowers, to end the trade war that will last for a year in July 2019. Looking back, it is believed that the US and China knew that they would not benefit from the persistent trade war. A clear consequence of their trade dispute is now seen in rising prices of their imported products and this has hurt their consumers and manufacturers. The stances of the US and Chinese leaders in ending the trade war are based on political benefits and their popularity at home.... Read more
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15 Aug 2018
In 2018, the Turkish economy is facing pressures from all sides amid risks threatening its economic stability such as the Federal Reserve interest rate hike, which accelerates fund outflows and continuously and quickly increases borrowing costs. An increasing oil price and weaker Turkish lira have caused Turkish inflation to surge. This latest crisis was triggered by intensified political tensions between the US and Turkey. Due to an anticipation of Washington’s harsh trade protective measures against Istanbul, investors have seemed to lose confidence in the Turkish economy, triggering the currency freefall.... Read more