These countries are most vulnerable to the emerging market storm

Trouble in paradise: For the past decade, a river of easy money rushed into emerging markets. Now that powerful force is reversing. Rising interest rates, along with trade wars, have started a stampede out of some emerging markets. The Turkish lira and Argentine peso have crashed, while China’s stock market …

What went wrong for Turkey? Its economy is ‘in the midst of a perfect storm’

The free fall in the Turkish lira has stoked fears of an economic fallout that could spill over into other emerging markets and the banking systems in Europe. Turkish President Recep Tayyip Erdogan blamed the plunge in the currency on “an operation against Turkey” and dismissed suggestions that the country’s …

Turkey

Turkey (Turkish: Türkiye [ˈtyɾcije]), officially the Republic of Turkey is a transcontinental country in Eurasia, mainly in Anatolia in Western Asia, with a smaller portion on the Balkan peninsula in Southeast Europe. Turkey is bordered by eight countries: Greece and Bulgaria to the northwest; Georgia to the northeast; Armenia, the …