Turkey Bounces Back, but Volatility Is Likely to Remain High
Although capital inflows have resumed after the 2013 shakeout, analysts see a new normal of volatility and slower growth.
Jonathan Gorvett
June 18, 2014
A bull sculpture stands at the entrance to the Borsa Istanbul, also known as the Istanbul stock exchange, in Istanbul, Turkey, on Monday, Jan. 13, 2014. Investors started to pull back in May when the Federal Reserve signaled it was preparing to withdraw the U.S. monetary stimulus that had helped fuel demand for developing-nation assets over the past five years. Photographer: Kerem Uzel/Bloomberg
Kerem Uzel/Bloomberg
