Turkish CB identifies financial stability concerns

The Central Bank of Turkey believes that the way in which the country weathered the storm following the financial turmoil the country experienced in June and July last, demonstrates the resilience of the Turkish economy.

The Turkish newspaper, Zaman, reported that the central bank's latest Financial Stability Report, released on 1 June, also noted that "GDP growth was beyond expectations due to stronger external demand, despite the slowdown in the domestic demand."

The report also suggested th