Turkey’s Real Economy Enters 2026 Carrying Elevated FX Risk

Summary: Turkey’s non-financial corporate sector has entered 2026 with a sharply expanded foreign-currency mismatch, leaving companies increasingly vulnerable to exchange-rate shocks. Central bank data show that FX liabilities have grown far faster than FX assets, pushing the net open FX position to levels that now pose macroeconomic risks rather than firm-specific balance-sheet concerns. Turkey’s real … Continue reading Turkey’s Real Economy Enters 2026 Carrying Elevated FX Risk