Istanbul’s stock exchange does not open until shortly before 10am, a more civilised hour than most bourses. Investors therefore had time to brace themselves on March 22nd before discovering the full cost of President Recep Tayyip Erdogan’s reckless decision to fire Turkey’s admired central-bank governor, Naci Agbal, over the preceding weekend.
As the global economy revives and commodity prices recover, inflation could squeeze emerging markets. Fortunately, the holders of emerging-market assets can take some comfort https://t.co/O5WwS4ywBz
— The Economist (@TheEconomist) March 26, 2021
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