Credit Card Debt Threatens Turkey’s Economy

Global Business

The use of credit cards and consumer debt in Turkey is booming. This trend is posing a serious economic risk, according to ratings agency Standard & Poor’s. CCTV’s Natalie Carney reports from Istanbul.

Follow Natalie Carney on Twitter@NatalieCarney77

Credit Card Debt Threatens Turkey\'s Economy

Credit Card Debt Threatens Turkey\'s Economy

The use of credit cards and consumer debt in Turkey is booming. But ratings agency Standard & Poor's says that trend is posing a serious economic risk. Natalie Carney takes a look at how more and more Turks are turning to credit cards to get by.