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PGIM Fixed Income

2023 Top 500 ranking: 29

Turkey - A Short-Term Reprieve Amidst Persistent Uncertainties

Turkey—A Short-Term Reprieve Amidst Persistent Uncertainties

Turkey’s economic crisis erupted one year ago, and we recently returned to the country to gauge the outlook going forward. While Turkey’s large external financing requirements remain its key vulnerability, funding flows should continue normalizing.  In this context, it is noteworthy that political uncertainty appears to have “troughed.

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