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Analysis: Foreigners suspend disbelief, edge back into Turkish markets


5 Min Read
ANKARA/NEW YORK (Reuters) - Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging back in, drawn by the promise of some of the biggest returns in emerging markets if President Tayyip Erdogan stays true to a pledge of reforms.
FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 2, 2018. REUTERS/Murad Sezer
More than $15 billion has streamed into Turkish assets since November when Erdogan - long sceptical of orthodox policymaking and quick to scapegoat outsiders - abruptly promised a new market-friendly era and installed a new central bank chief. ....

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