Question

Turkey is a surprising addition to the list of rapidly developing economies; with a GDP increase of 8.5% in the year 2011 alone. However, such rapid growth leaves worries regarding possible side-effects. For instance, in 2011 Turkey's rate of inflation was well above that of its peers. Secondly, there is increasing concern regarding Turkey's growing dependency on foreign capital. A large portion of the Turkish banking system is part-owned by banks within the Eurozone. As the single currency falters, such a dependency raises questions about the stability of Turkish growth.

The Turkish economy was surprisingly stagnant in 2011.
A.True
B.Probably True
C.More Information Required
D.Probably False
E.False

Answer 1

Turkey's rapid economic growth in 2011 raised concerns about inflation and dependency on foreign capital.

Step-by-step explanation:

Turkey's rapid economic growth in 2011 raised concerns about possible side-effects. One concern was the high rate of inflation in Turkey, which was above that of its peers. Another concern was Turkey's growing dependency on foreign capital, with a large portion of its banking system being part-owned by Eurozone banks. These factors raised questions about the stability of Turkey's growth.