Turkey’s economy: Flightless

UK Only Article: 
standard article

Issue: 

The $1-a-week school

Fly Title: 

Turkey’s economy

Rubric: 

Political worries increase the fragility of an economy badly in need of reform

Location: 

ANKARA AND ISTANBUL

Main image: 

20150801_FNP004_0.jpg

New dawn, gathering clouds

THERE is much to make investors jittery about Turkey. It is becoming ever more involved in the chaos in neighbouring Syria (see article). The Kurdish insurgency in the east of the country appears to have restarted. Politicians are still wrangling over a coalition after an indecisive election in June. The country may be in for a period of unstable, short-lived government or even a fresh election. Worse, Turkey has long been identified as one of the most vulnerable emerging markets, with slowing growth, a large current-account deficit and high corporate dollar-denominated debt. It is little wonder that the lira has been one of the world’s weakest currencies this …
Source: The Economy