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Tuesday, January 10, 2006

Reuters AlertNet - ANALYSIS-Turkish investments vulnerable if bird flu persists

Reuters AlertNet - ANALYSIS-Turkish investments vulnerable if bird flu persists

LONDON, Jan 9 (Reuters) - Solid risk appetite among global investors should shield Turkish assets from the immediate impact of a deadly outbreak of bird flu, but Turkey remains highly vulnerable to shifts in investor sentiment if things get worse. Investments and the economy could take a hit if tourism suffers as a result of health fears in Turkey, where there have been a sudden burst of cases of avian influenza among humans, with 14 confirmed so far including the death of three children. Economic imbalances, particularly the nearly six percent of Gross National Product current account deficit, could come under greater scrutiny if vital portfolio inflows start to dry up.