Downside risks for Turkey loom over Brunson hearing

A court hearing in Turkey could dictate the direction of the country's economy and the outlook for its capital markets in the months to come. Pastor Andrew Brunson, the US citizen whose detention led to the sanctions that triggered the Turkish recession, will appeal his arrest before the Turkish constitutional court on Friday.

  • By Lewis McLellan
  • 11 Oct 2018

The Turkish lira has weakened from TL3.7/$1 in January to TL6.99 in August, before recovering to TL5.99 this week. The weakness in the currency led to a brutal rise in inflation and sent the country into a recession.

“The Brunson sanctions really triggered this recession,” said an emerging ...

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