Middle East & Africa
A disorderly devaluation looms for Egypt
Political headlines continue to dominate foreign coverage of Egypt during its post-Arab Spring transition. However, a looming currency crisis could exacerbate the already dizzying problems for the fledgling democracy.
The Economist is wrong about the Turkish economy
A worrisome article on the Turkish economy in this week’s Economist forced investors in Turkey (TUR, quote) to re-evaluate their bullish outlook on the country’s economy. However, in light of data released Wednesday, it appears the Economist’s fears may have been overstated.
The Turkish ETF is bouncing back
Other emerging countries may be printing money to stimulate their economies and weaken their currencies, but Turkey is a winner right now for refusing to race to let its exchange rate race to the bottom.
A turning point for the Egyptian economy?
After a year-long debate, Egypt’s finance minister has finally persuaded Parliament to accept the terms of a desperately needed IMF loan.
Growth in Turkey: still blazing fast, but slowing
Turkey released its FY 2011 GDP numbers this week, reporting GDP growth of 8.5%, the fastest in all of Europe.