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Wednesday, July 6, 2011

Some like it hot | The Economist

Still grading, but I have time to post a quick link. The Economist has a chart and article examining the 'most-likely-to-overheat' economies around the world, and Turkey is among the top ten.

"A widening current-account deficit can be a classic sign of overheating, as domestic demand outpaces supply. Turkey looks particularly worrying, with its deficit expected to jump to 8% of GDP this year, up from 2% in 2009. ...

Adding up the six scores reveals seven hotspots where most of the indicators are flashing red: Argentina, Brazil, Hong Kong, India, Indonesia, Turkey and Vietnam."

Economics focus: Some like it hot | The Economist
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