Turkey fights economic free fall

摘要

In april, after shutting plants in the Netherlands and France and halving production in Spain, Carrier Corp. inaugurated a new production base for the heating and air-conditioning systems it sells in the European Union.rnIt put the factory in Turkey, a bold choice for the Farmington, Conn., company. Few other global corporations are investing in Turkey these days. In the minds of most investors, Turkey's economic uncertainties outweigh the coun-try's strategic location. In the last 18 months Turkey has staggered through a three-year disinflation program backed by the International Monetary Fund and thernWorld Bank that was initiated in January 2000, abandoned by the Turkish government in February of this year, and relaunched by the IMF in May.