The collapse of the Turkish economy has created buying opportunities in emerging countries, accordin...
The collapse of the Turkish economy has created buying opportunities in emerging countries, according to Phillip Ehrmann, head of emerging markets at Gartmore. He says: "The initial reaction to the Turkish collapse was a strong mark down to every market with an economic question mark over its stability." The Turkish stock exchange has fallen by 26.64% in sterling terms from the end of December to 7 March. Relations between Prime Minister Bulent Ecevit and President Ahmnet Necdet have been strained since Necdet was appointed last year. This came to a head after he accused the Prime Minist...
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