Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns
By Onur Ant
, Andrew Mayeda
, and Tugce Ozsoy
August 8, 2018, 6:00 AM GMT+2 Updated on August 8, 2018, 1:42 PM GMT+2
Lira slump may force president to ditch some economic dogmas
Analysts see need for rate rises, spending cuts, even IMF loan
Almost every prescription for Turkey to rescue its financial markets from meltdown, and its economy from the recession that looks increasingly likely to follow, involves the country’s president backing down.
More:Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns - Bloomberg