Is Turkey the new China?

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
14/09/2010 13:31

http://www.bloomberg.com/news/2010-09-14/turkish-economy-grew-10-3-in-second-quarter-on-record-low-interest-rates.html

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
14/09/2010 13:37

I can see a few of my GC cousins down south salivating from anger to this report. You know what I mean, the way Bary Humphreys used to do in his comedy show down under.

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
14/09/2010 14:09

YFred,



I've posted it on the CF with 15 views but no posts.

Cat got their tongues do you think?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
14/09/2010 14:14

TRNCVaughan



Dont know about the next China, but they are certainly heading for the top 5.



Gcs are yesterdays men!



wyn

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
14/09/2010 14:46

seems be be based on mounting debt and stimulated by, what is for Turkey, low lending rates. Welcome to the West. Watch out for poor £/TL exchange rates, 2.20 may soon be on us again. So much for the lib con.

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
14/09/2010 16:51

Not such a good opinion of the TRNC's economy here...



http://www.hurriyetdailynews.com/n.php?n=cypriot-turks8217-final-resort-wake-up-or-die-2010-08-25

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
14/09/2010 17:36

Mark don't mistake the fly in the ointment that is the TRNC economy for Turkey's... this is about the economic powerhouse that the Turkish economy is turning out to be. By virtue of good financial housekeeping and not selling off their manufacturing base to the lowest bidder.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
14/09/2010 17:44

Mark.



I fully accept that the TRNC economy is in dire straights.



What was being argued, was the strength of the Turkish Economy and its negotiating abilities to settle The Cyprus Problem and move the country forward. It is a dynamic Economy scheduled to be in the top 5 in the next few years, and therefore can afford to pick its friends, whether they choose East or West.



Just imho, thats all.



wynyardman.

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
14/09/2010 22:06

I agree with you both - the TR seems to be going great guns at the moment - let's hope some of their good management reaches the TRNC



Mark

Perry


Joined: 27/01/2007
Posts: 413

Message Posted:
14/09/2010 22:08

Msg 1 and Wyn - definitely emerging as a hot spot for investments - more and more Turkish Sector funds being offered all the time.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
14/09/2010 22:26

it has been for a while , why they want to join the EU ,amazise me , the eu will drag theyre economy down , as it has ours ?

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
15/09/2010 14:34

Maybe TR doesn't actually want to join the EU. Without going through the motions, though, can TR improve its society? There are many in TR who are happy with the status quo.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
15/09/2010 14:50

They want to be invited... no one likes to think they are not invited to the party... whether they accept would probably be subject to a referendum.

Agnew


Joined: 12/09/2010
Posts: 4

Message Posted:
15/09/2010 20:05

Talking of the economy, can anyone give me an accurate exchange rate for today, it £ to Tl. Ta.

JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
15/09/2010 20:08

http://www.xe.com/ucc/convert.cgi?Amount=1&From=GBP&To=TRY&image.x=48&image.y=9&image=Submit

gooligan


Joined: 30/01/2007
Posts: 1591

Message Posted:
15/09/2010 20:10

Agnew,add this to your favourites



http://www.advfn.com/p.php?pid=qkchart&symbol=FX^GBPTRY