Turkey’s economic resilience tested as post-Gezi tensions linger


In light of today’s violence in Turkey, this is a very interesting read by Yavuz Baydar that is worth reading.

TEMPORAL

One year after the Gezi Park protests began, Turkey has yet to calm investors’ fears of political risks at home, while external risks such as US Federal Reserve (Fed) monetary stimulus tapering, add to the threat of losing the image it has held for the last decade of being a reliable investment market with sustainable growth. 

The government’s inability to manage the Gezi crisis and attributing almost all market-related problems to protests at home revealed how unprepared it was to contain the damage from the even bigger international market troubles waiting to strike. An alarm bell for emerging markets, the Fed first indicated that it would stop its bond purchases on May 22 of last year, roughly a week before Gezi erupted. Market experts argue that, shocked at the extent of the protests, the government chose to use Gezi as an excuse to buy time while global market troubles were…

View original post 1,172 more words

About nervana111

Doctor, blogger and Commentator on Middle East issues
This entry was posted in Turkey. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s