Alıntı:
The Toronto-based investment house has reiterated its call for a whopping 40 percent depreciation to an all-time low of 8.90 per U.S. dollar, according to a report published Friday.
The typical pattern is for the lira to go from one crisis to the next one, with stints of relative tranquility in between, Maggio said. We think we currently are in one of those stints.
Lira will come under pressure from a deepening economic contraction, upside risks to stubbornly high inflation, a wide balance-of-payments gap, bleak outlook for the nations banks which face a mounting pile of bad loans, and a “de facto dollarization†of the economy.