Quake Hits as Turkey's Economy Falters

Quake Hits as Turkey's Economy Falters

The human cost of the Ercis disaster comes as Turkey fights to keep it once-booming economy on track. Ankara is playing a high-risk game by intervening in markets to shore up its currency and lacks the reserves to do so. Turkey needs to adopt higher interest rates to shore up the lira — even though that may push a previously overheating economy towards recession.

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