Recent developments should be considered as an external shock to the economy deterioration in risk perception due to the elevated political tension. Analysis of the impacts of this shock on Turkish economy includes (i) immediate market impact (ii) medium to long term impacts on the economic outlook. Short term market prospect Immediate...
History shows that global ecological shocks have profoundly affected the planet, humanity, and social structures. Volcanic eruptions, such as those in Iceland in 536 and Tambora in Indonesia in 1815, caused “years without summer” in many parts of the world, leading to widespread famine, migration, conflict, and even collapses of...
China’s economy is confronting a serious trouble or rather a series of troubles. Not surprisingly, because it was doomed to be. China is drowning under an ‘excess problem’ which has many aspects: • huge amount of excess manufacturing/production capacity, • an excess of construction supply revealing itself as millions of unfinished and abandoned...
