Oil Rout Is Great for Turkey as Simsek Sees End to Label
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While emerging-market nations from Latin America to Russia suffer from declining commodity prices, Turkey’s finance minister is celebrating a streak of good luck as oil plunges further into a bear market.
“It’s great, not good, absolutely great,” Finance Minister Mehmet Simsek said in an interview in London yesterday. “There are very few countries which benefit significantly, and Turkey is one of them.”