LOWER LIRA AND HIGHER DEBT: A BAD MIX FOR TURKISH BUSINESS

With Turkey’s acute dependence on capital inflows and input imports, its corporates have been negatively affected by the sharp fluctuations and strong depreciation of the lira.This panorama focuses on metals (excluding iron and steel) and the, food and textiles sectors, as they are among the most affected ones by the lira’s depreciation. Furthermore, recent geopolitical risks – such as tensions between Turkey and Russia, and violence in Syria and Iraq – are also weighing on these sectors and negatively impacting payment performance.Discover the detail of the forecast in this document.

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