Economist Robin Brooks warns that Türkiye’s core current account deficit has returned to levels historically associated with currency crises. Stripped of volatile components like energy and gold, the underlying imbalance highlights a structurally overheated economy driven by credit expansion—and signals renewed risks for the Turkish lira. A Credit-Fueled Growth Model Under Strain Back in November, … Continue reading Robin Brooks: Türkiye’s Growing External Imbalance Raises Red Flags