Markets have reacted negatively to news that coalition negotiations between the two largest parties in Turkey have broken down and that fresh elections are now highly likely. While we don’t think things are that bad – indeed, the very latest fall in the lira and equities may well be reversed in the coming weeks –the prospect of further political uncertainty adds to a long list of problems facing the economy.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.