ANKARA
"There is little chance of a financial crisis in Turkey," Japan Credit Rating (JCR) Eurasia chairman of the Board of Directors, Orhan Okmen said Monday.
Okmen said that elections have given Turkey the possibility “of providing domestic peace and social reconciliation as well as of reducing the rising political tension.”
He said that as a result of the problems accumulated in the pre-election period, volatility will continue for a while in Turkish economy. But, he said, the possibility of a future governing coalition was not causing this volatility.
Okmen foresees that the weakening of Turkish lira against the dollar will continue to be a major obstacle to the country’s economic growth.
He said that Turkey’s central bank must “maintain, under all conditions, the instrumental independence and positive position that it has reached in the international area.”
