Rebuilding Turkey comes with seismic risks for foreign investors, warns KCS Group Europe
The earthquakes may represent a loss of 1% of GDP. It comes at a time when Turkey’s national budget deficit for 2022 reached an all-time high of $48.8billion. External cash inflows have offset foreign deficits to the tune of $24.2 billion, with much of this coming from Russia. To read the press release please click here