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null What is Happening in Turkey?

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What is Happening in Turkey?
23 Mar 2021
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Clock 15 mins.
CATEGORIES: AER Premium Spain Macro Global
ANALYSTS:
dot
Ignacio de la Torre
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Leopoldo Torralba
The recent dismissal of the governor of the Turkish central bank by the head of state, Recep Tayyip Erdoğan, has caused the local currency (the lira) to plummet and volatility in the country's capital markets. As some Spanish companies are directly or indirectly exposed to the country (or are thinking of investing/disinvesting), we believe that it is an opportune moment to discuss essential factors that have been affecting the country’s economy for years.
dot Where does the Turkish economy currently stand?
dot What key factors affect its economy?
dot How does this situation affect Spanish companies directly or indirectly exposed to the country?

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