Turkey is at a turning point in its economic trajectory. As the fuel of 2001 reforms runs out, the country is facing growth rates lower than the past decade, rising inflation amidst low consumption, and a depreciating currency. As domestic…
Colombia’s Declining Oil Output Threatens Sustainability of Long-term Economic Growth
Declining oil production is a dark cloud that looms over the long-term sustainability of Colombia’s economic growth. The Latin American country’s oil output has experienced a significant downturn in 2014. In the first seven months of the year, production averaged 979…