Instability in politics is dangerous for any country, however, Turkey’s attempt to organize a coup entails complete economic collapse. It is reported Wirtschaftswoche.
The newspaper reminds that Turkey is a growing market that is particularly vulnerable to crises, as the state dependence on foreign capital and raw materials are still at a high level.
In order to compensate for a chronic budget deficit, which, according to experts, this year will be 4.5% of GDP, Turkey needs investment from abroad. In addition, it is noted that in the past week the Turkish Lira has suffered a drop of 5%.
According to the author, most of the businessmen in Turkey feels very insecure and assesses the risk of doing business in Turkey in the future.
According to the publication, in the country opened new directions, and for a short period, the representatives of the delegation of German business twice canceled a trip to Turkey. Representatives of a number of companies also do not go to the country because of security concerns.
According to Jan neteru, which is the German-Turkish chamber of Commerce in Istanbul, in this regard, the Turkish economy are facing very hard times.
