Plumper2
Resilience has not (historically) been the country's economic strong point. As recently as 2001, GDP fell by over 7%. It fell by more than 5% in 1994, and by just under 5% in 1999. Indeed, throughout the 1990s growth oscillated like an electrocardiogram recording a violent heart attack. This (irregularity) has been one of the main reasons (along with red tape and corruption) why the country has failed (dismally) to attract much-needed foreign direct investment.
Its (stock) of such investment (as a percentage of GDP) is lower now than it was in the 1980s, and annual inflows have (scarcely) ever reached $1 billion (whereas Ireland attracted over $25 billion in 2003, as did Brazil in every year from 1998 to 2000).
One (deterrent) to foreign investors is due to (disappear) on January 1st 2005. On that day, Turkey will take away the right of (virtually) every one of its citizens to call themselves a millionaire. Six noughts will be removed from the face value of the lira; one unit of the local currency will (henceforth) be worth what 1m are now-ie, about ?0.53 ($0.70). Goods will have to be priced in both the new and old lira for the whole of the year, but foreign bankers and investors can begin to look forward to a time in Turkey when they will no longer have to( juggle) mentally with indeterminate (strings) of zeros.