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Turkey Is Heading for Economic Collapse, Ashmore Says

Bloomberg business news
Turkey Needs to Regain Credibility Says Teneo Intelligence's Piccoli
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President Recep Tayyip Erdogan risks pushing Turkey’s economy into an economic collapse similar to those seen in Latin America under populist regimes, according to Ashmore Group Plc.

While more diversified than Venezuela’s oil-dependent economy, Turkey is currently on a very similar path of policy missteps that are likely to lead to ruin, the $85 billion emerging-market asset manager said.