Is Turkey Really Out of The Woods? (Amundi AM)
After having narrowly escaped a balance of payments crisis last spring, there are questions surrounding the Turkish economy, not to mention the many (geo)political tensions.
Throughout this period, the currency has continued to experience strong downward pressures, leading to a surge in inflation. Recently, the markets seem to be recovering hope.
On some fronts, the news flow has improved. Inflation has fallen, the current account deficit has come down, FX reserves have stabilised and the bottom line is that the central bank kept its rates unchanged at its last monetary policy committee held on 16 January, calling into question possible doubts about its independence.
In addition, geopolitical risks, especially relations with the United States, seem to be easing.
However, for all that, is Turkey really out of the woods? READ MORE
- Psigma’s Gregory: Avoid Economies With Current Account Deficits (FE Trustnet)
- Turkey: Looming Challenges (Union Bancaire Privée)
- How ECB QE Could Impact Emerging Markets (FT)
- S&W’s McGrath: Emerging Markets Are at the Perfect Entry Point (FE Trustnet)
- Emerging Market Companies & Governments Binge on US Dollar Debt (WSJ)
- Turkey’s Inflation Soars to 73%, a 23-year High, as Food and Energy Costs Skyrocket (CNBC)
- Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
- India and Indonesia are Better Positioned to Survive Rising Oil Prices (CNBC)
- Turkey’s Arcelik Targets Asian Growth with Hitachi Deal (Nikkei Asia)
- Emerging Markets Election Timetable 2014 (Aberdeen)
- “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
- Emerging Market Debt: Looking Towards ‘Beaten Up’ Opportunities (GAM)
- 2014 BCG Local Dynamos: 50 Emerging Market Consumer Companies to Watch (BCG)
- What Risks Do Emerging Markets Pose to US Economy? (Bloomberg)
- Mark Mobius Answers Readers’ Questions (Mobius Blog)