The Turkish daily Referans ran a story on Monday, claiming that Chile was faced with an economic tsunami. The reality is much more different: As a couple of reports from J.P. Morgan and RGE confirm, the country's sound position means that the earthquake is not big deal in terms of Economics for the country. But as the pieces argue, it is likely to have an Economics impact, in terms of changing policy responses.
BTW, I think other newspapers ran stories in a similar tone, so I am not singling out Referans. It is just that Referans is my preferred Turkish daily, and I wish they had taken some cues from FT, whose reporting, as usual, is more accurate.
BTW, I think other newspapers ran stories in a similar tone, so I am not singling out Referans. It is just that Referans is my preferred Turkish daily, and I wish they had taken some cues from FT, whose reporting, as usual, is more accurate.
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