Posts Tagged Personal Loans
A More Supervised Credit Era Begins in Turkey

A More Supervised Credit Era Begins in Turkey

Too much public spending, excessive reliance on domestic demand and loose monetary policy. These are the points that IMF implied about Turkish economy within its global economic outlook report published recently. In addition, for the past few years, the country’s technocrats have forewarned of rates of loan growth running at an alarming average of about 30% a year. As might be expected, loan growth is the main underlying cause of macroeconomic imbalances that form non-ignorable downside risks.

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