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Turkey’s Year of Drama Hands Investors These 2021 Priorities
Bloomberg
12/17/2020
Tugce Ozsoy and Inci Ozbek
(Bloomberg) It has been a tumultuous year in virus-ravaged global markets, but investors in Turkey have had more drama to cope with than most.
The lira’s plunge was the steepest in emerging markets after the Argentine peso and regulators caused investor unease with market interventions, including curbs on short selling, that helped to spur record outflows. Geopolitical risks were plentiful too, through Turkey’s stance on eastern Mediterranean energy exploration, and on the conflicts in Syria, Libya and between Armenia and Azerbaijan, and its purchase of a Russian air defense system. ....

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