What's the greatest risk to Turkey's economy?
Regional and domestic volatility is threatening Turkey’s finances while the country’s political and financial uncertainties worry global investors.
Any one of the following problems would ring alarm bells for an emerging market: a slowing economy, rising inflation, distrustful citizens exchanging local currency deposits for dollars whenever possible, a rising tide of violence scaring away foreign tourists and hurting hard currency reserves and concerned foreign investors eyeing the exit because of a bearish stock exchange and a possible hike in interest rates by the US Federal Reserve.
Not content with just one, Turkey is facing all of those headaches and more.
