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Turkey: Riding the Economic Titanic
From:
Albert Goldson Albert Goldson
For Immediate Release:
Dateline: New York , NY
Tuesday, April 30, 2019

 
President Erdogan continues to “stay the course” and “full speed ahead” pursuing an unorthodox post-municipal elections economic policy which has a deleterious impact on Turkey’s present-day economy.



The end of sanction waivers on Iranian oil imports exacerbates Turkey’s plummeting foreign reserves and high external debt and may possibly be catastrophic should Brent prices rise another $10/bbl.


For this reason Erdogan must create a political face-saving narrative in actively seeking international financial assistance. If not a potential economic free-fall may occur

An analysis of the the key factors: Energy, Food and Political are articulated in my article:
Turkey: Riding the Economic Titanic.



 
Executive Director
Brooklyn, NY
917-710-7209