Reuters report that foreign investors are returning to Turkey to understand whether the Turkish elections could bring a tidal change for its economy and financial markets.
- According to several investors and bankers involved, large foreign lenders organised trips and calls for clients to meet current Turkish policymakers and opposition officials and advisers.
- The investor visits and conference calls have ramped up in recent weeks and will continue through April. One person familiar with the plans said a trip next week organised by Spanish lender BBVA includes clients representing some $1.5 trillion in debt-related assets across emerging markets.
- While some analysts expect that an opposition victory in the presidential and parliamentary vote would bring a sharp rally in the lira currency, others expect more uncertainty given that monetary tightening could slow economic growth.