Remove Credit Rating Remove Crisis Remove GDP Remove Productivity
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The Real Challenge to Turkey’s Economy Isn’t Terrorism

Harvard Business Review

A deep economic crisis like those seen in Greece and Spain has not happened. It covers roughly 70% of Turkey’s GDP. Turkey’s general credit rating is still higher than that of Brazil, Croatia, Portugal, Cyprus, and Serbia. Yet despite these stresses, the Turkish economy has stayed surprisingly resilient.

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Why We Build Fiscal Cliffs

Harvard Business Review

Deficits started ballooning again, and really blew up after the financial crisis of 2008. One issue right now is that the biggest element of the fiscal cliff — the scheduled expiration of the Bush tax cuts of 2001 and 2003 — is less the product of conscious pre-commitment than of American legislative complexity.