The plunge in the lira which began in May now looks certain to push the Turkish economy into recession
and it may well trigger a banking crisis. This would be another blow for EMs as an asset class, but the
wider economic spillovers should be fairly modest, even for the euro-zone.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services