Turkey’s activity figures for April suggest that the economy has held up well since last year’s currency crisis, but robust activity has added to inflation pressures and contributed to the widening of the current account deficit, putting the lira under pressure. With interest rate hikes off the cards, sharp and disorderly falls in the currency are a key threat over the coming weeks.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.