Investors Look Past Turkey’s Achilles’ Heel
By Emre Peker
ISTANBUL–Turkey’s economic Achilles’ heel, a chronic and once-again widening current-account deficit, is getting more visible with each passing month. But international investors are sanguine, seeking to deploy cash from the global monetary easing and betting Turkey will score a second investment-grade rating amid peace talks to end a three-decade Kurdish insurgency.
More:Investors Look Past Turkey’s Achilles’ Heel - Emerging Europe Real Time - WSJ
