By Guney Kaya
With weak Turkish economic outlook and failed attempts to cultivate investor interest in the Turkey, we expect continued declines in the Lira's future.
Turkey Needs Cash
Since the 1980s, the Turkish economy has been highly dependent on foreign credit. The economy is built around the need for consistent foreign cash flow, and any hitch causes major economic problems just like it did last summer, where the Lira depreciated by more than 40%. As the municipal elections end (other than Istanbul's), Erdogan’s government is desperately trying to lure investors for inflows to boost