Overseas money stays wary of Turkey after Erdogan win

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Overseas money stays wary of Turkey after...
 © CyprusMail 2018
Overseas money managers, wary of Turkish assets for months, reckon Sunday’s clear win for Tayyip Erdogan will tempt foreign investment back only when he clarifies election pledges to take a tighter personal grip on economic and monetary policy.

Erdogan emerged victorious from his biggest electoral challenge in 15 years, giving him the sweeping executive powers he has long sought and extending his grip on Turkey until at least 2023.

But Turkey’s large current account deficit, double-digit inflation and high external borrowing costs remain the main issues...


This article was automatically added to our system 25-6-2018

Overseas money stays wary of Turkey after Erdogan win


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