http://blogs.reuters.com/globalinvesting/2012/10/15/golden-time-for-turkey/ Insights behind the investment headlines Sat, 18 May 2013 14:57:52 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/globalinvesting/2012/10/15/golden-time-for-turkey/comment-page-1/#comment-22711 SamPalmer Tue, 16 Oct 2012 03:25:07 +0000 http://blogs.reuters.com/globalinvesting/?p=7632#comment-22711 Good article! Well good for the Turks! Looks like they were/are in the right place in the right time! But I think the Current Account Deficit (CAD) relief cited in the article is temporary. Iranians are not going to buy gold from Turkey forever. Turkey needs to make some changes to sustain the CAD below 8% of GDP. There are some attempts to curb the level of imports but the country seems to have a big appetite for import of luxury consumer goods. Good article!
Well good for the Turks! Looks like they were/are in the right place in the right time! But I think the Current Account Deficit (CAD) relief cited in the article is temporary. Iranians are not going to buy gold from Turkey forever. Turkey needs to make some changes to sustain the CAD below 8% of GDP. There are some attempts to curb the level of imports but the country seems to have a big appetite for import of luxury consumer goods.

]]>