According to the Asian Nobel economist Turkey on the verge of crisis: Certainly very fragile

Nobel economist laureate of the Paul Krugman Prize, 1997-1998 of Turkey as the period an economic crisis feeds on itself " said that he was on the verge of "Turkey is undoubtedly facing such a very fragile thing" says

photo: Reuters

Twitter evaluate the economy of Turkey Krugman, followers of "Turkey period 1997-1998 Asian financial crisis The risks were " he asks " according to the figures yes " he replied.

Turkey's external debt, according to the World Bank figures, the country's gross domestic product (GDP) of 48 and a total of exports pointed out that if almost doubled coincides the award-winning economist said that the burden Debt was largely attributable to the private sector and resembled those living in Indonesia in 1996. [19659006] – Paul Krugman (@paulkrugman) [194590006] According to World Bank figures, Turkey's external debt is 48% of GDP and 210% of exports, mainly due to private companies. ]

Recalling that the loss of confidence in Indonesia at that time led to a "self-perpetuating collapse" "this collapse of the currency, coupled with an external debt in foreign currency, made a huge leap from 58% in 1996 to 168% in 1998. Not saying that they would certainly, but certainly very vulnerable to just like Turkey " says.