{"id":108435,"date":"2014-08-23T11:14:36","date_gmt":"2014-08-23T08:14:36","guid":{"rendered":"http:\/\/www.turkishnews.com\/en\/content\/?p=108435"},"modified":"2016-12-28T16:03:41","modified_gmt":"2016-12-28T13:03:41","slug":"why-the-worst-is-still-ahead-for-turkeys-bubble-economy","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2014\/08\/23\/why-the-worst-is-still-ahead-for-turkeys-bubble-economy\/","title":{"rendered":"Why The Worst Is Still Ahead For Turkey&#8217;s Bubble Economy"},"content":{"rendered":"<p>The explosive rise of Turkey\u2019s economy in the past decade is one of the most fascinating growth stories of all time. Since 2002, Turkey\u2019s economy nearly quadrupled in size on the back of an epic boom in consumption and construction that led to the building of countless malls, skyscrapers, and ambitious infrastructure projects. Like many emerging economies in the past decade, Turkey\u2019s economy continued to grow virtually unabated through the Global Financial Crisis, while most Western economies stagnated.<\/p>\n<p>Unfortunately, like most emerging market nations, Turkey\u2019s economic boom has devolved into a dangerous bubble that is similar to the bubbles that caused the downfall of Western economies just six years ago. Though Turkey has received significant attention after its currency and financial markets fell sharply in the past year, there is still very little awareness of the country\u2019s economic bubble itself and its frightening implications.<\/p>\n<p><a href=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2014\/08\/4959154373_1199842af9_b2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-108437\" src=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2014\/08\/4959154373_1199842af9_b2-300x200.jpg\" alt=\"4959154373_1199842af9_b2\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2014\/08\/4959154373_1199842af9_b2-300x200.jpg 300w, https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2014\/08\/4959154373_1199842af9_b2-768x512.jpg 768w, https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2014\/08\/4959154373_1199842af9_b2.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>more :\u00a0http:\/\/www.forbes.com\/sites\/jessecolombo\/2014\/03\/05\/why-the-worst-is-still-ahead-for-turkeys-bubble-economy\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The explosive rise of Turkey\u2019s economy in the past decade is one of the most fascinating growth stories of all time. Since 2002, Turkey\u2019s economy nearly quadrupled in size on the back of an epic boom in consumption and construction that led to the building of countless malls, skyscrapers, and ambitious infrastructure projects. Like many [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":108437,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846],"tags":[1844],"class_list":["post-108435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-turkish-economy"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/108435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=108435"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/108435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/108437"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=108435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=108435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=108435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}