Tuesday, April 30, 2019

Turkey: Riding the Economic Titanic

President Erdogan continues to “stay the course” and “full speed ahead” pursuing an unorthodox post-municipal elections economic policy which has a deleterious impact on Turkey’s present-day economy.

The end of sanction waivers on Iranian oil imports exacerbates Turkey’s plummeting foreign reserves and high external debt and may possibly be catastrophic should Brent prices rise another $10/bbl.

For this reason Erdogan must create a political face-saving narrative in actively seeking international financial assistance. If not a potential economic free-fall may occur

An analysis of the the key factors: Energy, Food and Political are articulated in my article:
Turkey: Riding the Economic Titanic.

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