Clouds gather for Turkey economy after attempted coup

Economists say a sharply lower economic performance is not inevitable and avoiding doom-laden scenarios largely rests on choices Turkish President Recep Tayyip Erdogan and his government makeThe last week alone has shown that life is not going to be easy for Turkey’s economy after the coup aimed at unseating President Recep Tayyip Erdogan from power. “Turkey’s ultimate fragility is the fact that it cannot afford to see the currency go where it may,” Michael Harris, Turkey strategist and head of research at Renaissance Capital told AFP.

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