Saturday, December 05, 2015

Good article in NYT on Turkish economy and Russia situation

Yet despite the prosperous appearance, a chill has already settled over Eskisehir’s economy, and Turkey’s, as exports to China and the Middle East falter. And as Russia has halted most tourism to Turkey and threatened to stop food imports from the country after Turkish F-16 fighter jets shot down a Russian combat jet along the Syrian border last Tuesday, the risk of further economic trouble is clear.
With unemployment already surging here, “our economy has slowed down,” said Yilmaz Buyukersen, the mayor of Eskisehir.

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