Cold Turkey: investor exodus tests Erdogan’s economic experiment

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Cold Turkey: investor exodus tests Erdogan’s...
 © CyprusMail 2020
A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors.

Turkish President Tayyip Erdogan, his government and his deputies have said the measures taken , which sparked an exodus of foreign money, were needed to stabilize the economy and bolster belief in the lira, which has dropped 36% in two years.

But the impact on investment in what was once a darling of emerging markets has been dramatic. The World Bank estimates...


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Cold Turkey: investor exodus tests Erdogan’s economic experiment


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Article Tags: turkey, investor, exodus, tests, erdogan, economic, experiment,