S&P: Turkey most vulnerable to capital outflows.

By bne IntelliNews March 1, 2012
Standard & Poors (S&P) said it constructed a new index, namely Emerging Europe Sensitivity Index, measuring the relative vulnerability of emerging European countries to disruptions in capital inflows and it assessed 19 non-eurozone countries, including Turkey. Standard & Poors said that despite the rebalancing achieved so far, the renewed deleveraging of the Eurozone financial sector could trigger destabilising capital inflows from many emerging European economies with negative knock-on effects on growth and public finance. S&P singles out Turkey as being the most vulnerable to sudden financial account outflows and external refinancing risks. S&P argues that the most obvious side effect of Turkeys credit boom has been the rapid widening of the CA deficit in 2010, which was instigated also by higher oil prices.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more