Deals
Turkey's Perma-Bear Says Now Is the Time to Buy Lira Assets
- Amid turmoil, Turkey's current-account deficit set for zero
- Yesilada sees terror attack pushing AK Party into coalition
Turkish Lira Coins
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
Amid the worst terror attack in its history, divisive looming elections and a slowing economy, one of Turkey’s most entrenched bears has picked now of all moments to turn positive.
And it’s not just because the lira is near a 12-year low. For the first time since 2009, Turkey is set to erase its current-account deficit in data due Wednesday, according to the median estimate in a Bloomberg survey. Even Saturday’s tragedy factors into Atilla Yesilada’s outlook, as the backlash against the formerly dominant AK Party for failing to prevent the bombings will push it into a coalition with the largest opposition party, helping economic policy making.