Turkey Foreign Direct Investment Defies Hot Money Selloff: ChartBy
While the lira depreciated to a record low and investors fled the nation’s stocks and bonds, foreigners still spent $16.6 billion on long-term investments in Turkish companies in 2015. That brought net foreign direct investment to $11.5 billion, the biggest inflow since 2011. The cash, driven by purchases in financial services, manufacturing and transportation, financed more than a third of Turkey’s current account deficit, the highest share since 2009.
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