Balance of Payments Crisis
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Elements for a meaningful sell-off coming into place: Moody's Analytics' Mark Zandi
Youtube· 2026-02-25 07:22
Gita Goponath who's uh used to be the uh the the chief economist over at the IMF uh uh tweeted just a couple hours ago, look the the difference is this. The difference is is between having cholesterol, high cholesterol and having a heart attack. And she's saying look, you know, a bounce of payments crisis if we had that that would be a heart attack.What we've got now is just high cholesterol. So in other words, even though using 122 is legal, nobody's saying it's not. It doesn't meet the conditions. that do ...
Turkey’s economic woes are catching-up with Erdoğan | FT #shorts
Financial Times· 2025-07-15 04:01
Economic Challenges - Turkey's economy is struggling due to measures needed to address a balance of payments crisis [1] - Real exchange rate appreciation, driven by inflation exceeding the Lira's depreciation rate, negatively impacts Turkish exporters [3] - Turkish citizens are facing a cost of living crisis [3] - Approximately 1 thousand domestic companies have declared bankruptcy this year [2] Political Implications - Economic difficulties have increased political risks for President Erdogan [3] - Erdogan's popular support has decreased, potentially affecting his plans for a third presidential term [4] - The economic situation may complicate Erdogan's efforts to form political alliances [4] - The arrest of Istanbul mayor Ecram Imamolu worsened the situation, leading to riots and financial panic [1][2] Investment Climate - Foreign and local businesses have re-evaluated their investment strategies [2]