Turkey on the Economic Brink, Explained in a Dozen Charts
Buyers worry Turkey is teetering on the sting of monetary disaster following a dramatic plunge in its foreign money that has gathered tempo this week. The lira is now down 40% this 12 months and bond yields have sky-rocketed. U.S. sanctions in opposition to prime Turkish authorities officers and unorthodox financial insurance policies by Turkey’s President Recep Tayyip Erdogan have spooked markets. A strengthening greenback and better U.S. rates of interest are making life tough for the weakest rising markets. Turkey is prime amongst them.
Listed here are a dozen…
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