Just Released: "Consumer Lending in Turkey"
As post-recession consumer optimism continued, consumer lending performed better in 2012 than in 2011 with the area recording double-digit growth in both outstanding balance and gross lending terms. Since the end of the recession in 2010, Turkish consumers have become more willing to undertake significant purchases such as new homes and cars which had been postponed during the recession due to the risk of losing employment. Households that survived the recession without any major loss decided...
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