News Summary: Turkish economy relies on stability

Turkey's standoff between government, protesters could cause trouble for economy

Associated Press

ECONOMIC WORRY: The escalation in the clashes between Turkey's government and protesters could hurt one of the world's recent economic success stories, spelling uncertainty for a country that has become a source of growth and stability in a region hit by recession and unrest.

THE FALLOUT: Markets fell sharply during the first days of protest and government clampdown and have remained volatile since, suggesting the international investment community is on edge.

BIG PICTURE: Turkey's economy has grown quickly in recent years. Annual gross domestic product in the country of about 75 million people is around $800 billion, putting it on a par with wealthy countries like Switzerland or the Netherlands.

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