CEE Explained: Turkey's rapidly changing landscape
By Nİlüfer Sezgin
For an economist covering the Turkish economy and politics, there is never a dull moment.
You could find yourself in the position of having to defend how much Turkey deserves an investment grade rating despite its huge external vulnerability (real sector’s open FX position corresponds to 24% of GDP), while the following year, you may have to discuss why rating agencies could cut the IG status because of the very same external vulnerability issue.
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