| Headline: Government’s lost credibility blights economic prospect Source: Euromoney Date: November 2001 Author: Metin Munir When the world tipped deeper into recession on September 11 it found that Turkey was already there deep down in the hole – a recession veteran. Assisted by the IMF, Turkey has been trying since 1999 to overcome its worst economic crisis since the Second World War. It has had little success. Its support for the US means more funding is likely, but funding alone can’t solve Turkey’s problems.
On the other hand, the US response to the September 11 events will have improved Turkey’s chances of getting new help from the west. | |||||||||||||||||||||||||||||||||||||||||