Foreign investors set sights on Turkey after May elections ...Kuwait

News by : (The New Arab) -
International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a more orthodox economic policy after May 14 elections, four government officials and analysts said. Opinion polls show President Tayyip Erdogan facing the greatest electoral challenge of his two decades in power in the presidential and parliamentary votes after an inflation-driven cost of living crisis eroded his support in recent years. The inflation surge was fed by a lira slide as the central bank slashed interest rates in an unorthodox policy championed by Erdogan. While that led to a decline in inflows, investors expect growin

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