S&P Upgrades Turkey's Outlook to Stable

The transcript discusses the political power struggle in Turkey between President Erdogan and the Prime Minister, leading to market volatility and economic uncertainty. The political turmoil, including potential elections and conflicts, affects the Central Bank's decisions and investor confidence. The leadership changes pose risks to Turkey's economic stability.

What was the main cause of the power struggle between President Erdogan and the Prime Minister?

• Military intervention

• Economic reforms

• The Prime Minister's desire to exert more power

• Disagreement over foreign policy

What factors contributed to the market volatility in Turkey?

• Stable political environment

• Decrease in interest rates

• War with Islamic State and Kurdish insurgency

• Increase in foreign investments

What is one of the biggest risks to Turkey's economy mentioned in the transcript?

• Lack of foreign investment

• Political instability and leadership changes

• High inflation rates

• Trade embargoes

Who is seen as the last surviving official from the group that led Turkey to growth in the past decade?

• President Erdogan

• Deputy Prime Minister Shimshak

• The new Central Bank governor

• Prime Minister

What challenge does the new Central Bank governor face?

• Reducing inflation

• Increasing interest rates

• Resisting pressure from President Erdogan

• Implementing new economic policies