Turkey’s Crisis and Economic Growth
It has been a complicated year for emerging markets (EM). After a healthy start to the year, the group has struggled, given slower demand from China, tariff concerns, and a firming U.S. dollar. Most recently, Turkey’s diplomatic and political struggles have devolved into a currency crisis that has weighed on the world’s developing markets, despite encouraging economic fundamentals that suggest an otherwise high growth trajectory for EM.
We’ve emphasized our expectation that the economic growth rate for EM this year will be the highest for any global region. We still believe this is the case, and we look for Turk... Read more