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Turkey: Hot Economy Susceptible to Catching a European Cold?

The last decade has seen the Turkish economy grow at record and world-leading rates and show a remarkable immunity to the financial and economic ills that have gripped the economies of many other countries. But with the Eurozone crisis coming right up to its borders, can Turkey's economy -- which is heavily dependent on trade with Europe -- avoid being impacted by the economic troubles to its west? Not very likely says Daron Acemoglu, a well-known Massachusetts Institute of Technology economist, in an interview with the Hurriyet Daily News. From the interview:

The eurozone debt crisis has turned the European economy into “a ticking time bomb” that lies at Turkey’s door, according to a top economist who has been ranked among the most influential thinkers of our time.

Speaking to the Hürriyet Daily News in an interview last week, Daron Acemoğlu, a professor at the Massachusetts Institute of Technology (MIT), also urged the Turkish Central Bank to raise interest rates from their current historic lows.

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Turkey: Hot Economy Susceptible to Catching a European Cold?

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