Although Turkey’s current account deficit has started to narrow, short-term external debt – particularly in the banking sector – has risen sharply over the past couple of years. As such, Turkey remains among the most vulnerable emerging markets to a fresh global economic shock or a deterioration in investor risk appetite.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services