“Rising commodity prices has the potential to trigger global stagflation, a situation in which the inflation rate is high and the economic growth rate is low,” said Turkish Industry & Business Association, or TÜSİAD, President Ümit Boyner as she was speaking at the G-20 Private Sector Meeting on Commodity Price Volatility in Istanbul on Monday. Boyner said food and oil prices threaten to push millions of people to the verge of hunger, and there would be some political consequences of such a process.
Boyner also said the Arab Spring in North African and Middle Eastern countries is far from creating a fruitful export market for Turkish products. |
Source : hurriyetdailynews.com
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