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Monday, November 02, 2015

Turkey elections: Markets celebrate but economic risks remain - Nov. 2, 2015

Turkey's election rally could be short-lived
By Ivana Kottasova @ivanakottasova
Turkey election
Elections in Turkey have produced a clear result, ending a period of political uncertainty, but there are many risks for the economy.
Turkey is rallying! But can it last?

Investors are cheering a surprise election win for President Recep Tayyip Erdogan's ruling AKP party in Sunday's parliamentary elections. The Turkish lira is up 3.6% against the dollar Monday, and the country's benchmark stock index rallied by about 5%.

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