Emerging Europe Economics

Emerging Europe Economics Update
24 February, 2011

How exposed is Turkey to the Middle East crisis?

Growing concerns over unrest in the Middle East have sparked a sell-off in equity markets across the world over the past week, and Turkish stocks have been hit harder than most. Yet trade and investment flows with the Middle East are not as large as many assume – the European Union remains by far the most important market for Turkey. From the perspective of the economy, at least, the recent spike in oil prices represents a far bigger threat....

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