Posts Tagged Soft Landing
Industrial Output Confirms Modest Growth

Industrial Output Confirms Modest Growth

It was last Friday when Standard and Poor’s cut Turkey’s outlook to negative with affirming its notch at BB+ one step sohrt of the investment grade. The credit rating agency also saw risks of a hard landing. Today we have the yearend number industrial output number suggesting that growth continues at moderate pace. Seasonally and working day adjusted industrial output grew by 6.9% on yearly basis.

The correlation has been 97.8% between industrial output and...

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