Turkey’s credit rating was upgraded by Fitch, as the government’s return to orthodox economic policy reduces financial stability risks and balance-of-payments pressures.
Bloomberg, March 9,...
Turkey (Türkiye): Background and U.S. Relations In Brief
Updated January 19, 2023
U.S. relations with Turkey (Türkiye) take place within a complicated geopolitical environment and with...
"As crucial elections near, Ankara pins hope on financial support from “friendly” countries to ease its foreign currency shortfall and rein in inflation" reports...
"A widening current account deficit, coupled with $181 billion in short-term external debt liabilities and plunging foreign investments, portend further currency woes for Turkey"...
"Expected interest rate hikes by the US Federal Reserve to rein in inflation will deal further blows to Turkey’s economic turmoil" says Mustafa Sonmez...
