Social Network

Financial Markets

TL weakness threatens economic-financial stability

  The Covid-19 epidemic burst the bubble of optimism for Emerging Markets,  weakening their currencies. TL is not the worst…

TL weakness threatens economic-financial stability

 

The Covid-19 epidemic burst the bubble of optimism for Emerging Markets,  weakening their currencies. TL is not the worst sufferer, but it is continually under pressure, despite massive intervention to defend it by state banks.  The depreciation of the currency has mostly local reasons, such as too low interest rates and political factors. But, it is not transitory.   This video explains why the lira is under pressure and how long it might last. The second part focuses on how currency weakness spoils the economic momentum and adds to corporate distress.

 

You can follow our  English language YouTube videos  @ REAL TURKEY:   https://www.youtube.com/channel/UCKpFJB4GFiNkhmpVZQ_d9Rg

 

And content at Twitter: @AtillaEng

 

Facebook:  Real Turkey Channel:   https://www.facebook.com/realturkeychannel/?ref=settings

 

 

 

 

 

Banner

Related News

Related News