To Elections, On Choppy Waters

TURKEY - Forecast 26 Apr 2015 by Murat Ucer and Atilla Yesilada
Executive Summary Ceteris paribus turned out to be a pretty bad assumption to make, with Turkey underperforming its peers significantly so far in the year despite the boon of a sharply dropping oil price. Post-election uncertainties that have begun to dawn on investors and the ongoing pressures on the CBRT in a context of weak growth are the key culprits. Against this backdrop, the lira, not too surprisingly, has been – and continues to be -- the main casualty. The trouble is that these are not transient challenges. After the elections, Turkey needs a strong government that unequivocally de...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This forecast is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This forecast is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this forecast or its contents.