Is the Business World to Face New Negative Scenarios?

The World has gone through a frightening global scenario  which some countries like Greece and Spain have not been able to overcome yet.

Developed countries have had a hard time to stay in balance as well and other emerging ones such as Turkey, China, India etc have already started to improve their economies with remarkable growth rates.

As for Turkey the situation is not much different;

The Worldbank has not stopped supporting the private sector and high growth continued within the first quarter of current year as well.

Consumption has sky-rocketed.  Strongly concerned about the overheating economy, the government officials have already started delivering quite discouraging (cautious as they call it) messages as to “the business world and certainly consumers should consider pushing on the brake pedal” not to be caught off balance, in a possible repeat crisis to hit the economy.

As for the globe, Turkish authorities hope that administrations in Europe will take accurate decisions and also political problems regarding borrowing limits in USA can be solved  In case, these issues are not worked out, all parties might have to be ready for undesired new negative scenarios.

One thing is for sure; In case of a repeat global crisis many a countries would be out of breath and many companies to include giants would have the risk of being wiped out of the business world. Although the Turkish economy is considered to be quite strong at the moment there is no guarantee it would be able to survive such a big tsunami in economy.

In fact, the biggest blow would come from foreign funds wanting to flee from the Istanbul Stock Market. That would be the real nightmare for the economy administration.

20 July 2011

Editor
BUSINESS TURKEY TODAY