The collapse of the Turkish lira has investors worried the nation’s financial turbulence could spread to other countries, and the lira’s plunge in the past few days has hit other emerging-market currencies such as Indonesia’s rupiah, Mexico’s peso and South Africa’s rand.
But few other countries are troubled by as broad a constellation of economic problems as Turkey.
Its economic woes include one of the largest trade deficits of any emerging-market country, unmatched external debts, a currency vulnerable to decline, exceptionally high inflation, unorthodox monetary policy and very little international goodwill.
https://www.wsj.com/articles/turkeys...ets-1534336200
But few other countries are troubled by as broad a constellation of economic problems as Turkey.
Its economic woes include one of the largest trade deficits of any emerging-market country, unmatched external debts, a currency vulnerable to decline, exceptionally high inflation, unorthodox monetary policy and very little international goodwill.
https://www.wsj.com/articles/turkeys...ets-1534336200
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