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Turkey Stands Alone in Emerging Markets as Economic Woes Deepen

  • The nation’s money supply, rates, reserves data set it apart
  • Citigroup, Fidelity look at Turkey separately from rest of EM
Updated on

A raft of metrics show Turkey is becoming increasingly isolated from other emerging markets.

The country has expanded its money supply and spent its foreign-exchange reserves faster than any other major developing economy. None of its major peers have a central-bank policy rate that’s so far below inflation.