Commentary:   Is Turkey Headed For a Debt Crisis?

 

An unprecedented series of interest rate hikes have precipitated fears of a debt crisis in a world addicted to cheap money for 20 years. ·

The world has added more than $50 trillion to its debt since 2018. ·

As interest rates rise, while economic growth slumps, it is becoming harder for household, companies and even nations to pay interest on loans and borrow anew. ·

Worth watching our video “Special: Global Debt Crisis Beckoning!” to put things in context.

  • Emerging Markets, including Turkey are primate candidates for debt crises.
  • Is Turkey headed for a debt crisis?
  • Real Turkey Channel argues that Turkey could witness not ONE, but three sequential debt crises.

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.