Insight
2014 Emerging Market Turmoil: Turkey Brief
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Report summary
In light of recent turmoil in emerging markets and escalating civil unrest, Wood Mackenzie is reassessing the outlook of those economies most at risk. Turkey is facing mounting political and economic pressures; the lira has depreciated 20 per cent since May 2013, driven in part by lower capital inflows. There is a real risk that Turkey could face a balance of payments crisis with significant implications for energy demand and industry due to a large energy import requirement.
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