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Friday, August 10, 2018

If Turkey implodes, here's who else gets hurt

If Turkey implodes, here's who else gets hurt

Exposure is "pretty international." "European, U.S., Japan, China, Middle East — everyone," Timothy Ash, a senior emerging markets strategist at Bluebay Asset Management, told CNBC. Despite Turkish fears spreading to the rest of Europe there were analysts still fairly sanguine on the risks for the global economy and foreign investors.

With financial turmoil in Turkey roiling the country's assets, analysts are busy contemplating which other countries could be exposed and what this could mean for international investors.

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