Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Turkey Rebuilt Its Economy After 2023 Elections
In this episode, Lucas and Luna examine Turkey's economic turnaround since the 2023 elections, focusing on the shift from unorthodox low-interest rate policy to aggressive rate hikes under new central bank leadership. They look at the lira's performance, inflation trajectory, and foreign investor flows returning to Istanbul. With the lira stabilizing and inflation cooling from 85% to around 40%, they discuss whether Turkey's pivot is a model for other troubled emerging markets. Specific numbers include the policy rate moving from 8.5% to 50% and the trade-weighted dollar index…
The skinny
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