Turkey

Moody on the Turkish economy

My latest column, in which I argued that the Turkish Lira would continue to slide until the Central Bank intervened with a significant interest rate hike, may have seemed pessimistic. But compared to a report and article that I read over the weekend, it is actually optimistic.

Will a 3-lira dollar lead to an economic crisis in Turkey?

Investors have been leaving Turkey for the last couple of months, pushing the lira, which plunged from 2.75 to around 2.9 in 10 days into the ground There has been an acceleration in foreign investors' exit from the Turkish market after coalition options failed, conflicts escalated in southeastern Anatolia and both the United States and Germany decided to remove their Patriot missiles fr

Turkish military launches operation after PKK attack in Diyarbak?r

The Turkish military has launched an aerial campaign and land operations against the outlawed Kurdistan Workers? Party (PKK) after a soldier was killed and three others were injured when militants from the group opened fire at gendarmerie forces guarding a hydroelectric plant in the southeastern province of Diyarbak?r?s Kulp district early on Aug. 23.

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