Counting the Cost

Is Turkey’s economy heading towards another recession?

From firing central bank governors to a currency hovering around record lows, investors are losing confidence in Turkey.

Turkey’s economy grew almost 6 percent in 2020, making it one of the two countries in the G20 to record growth in a pandemic-hit year.

But debts are soaring, inflation is rising, and the currency is near record lows, raising concerns about President Recep Tayyip Erdogan’s economic stewardship.

We talk to Renaissance Capital’s chief economist Charlie Robertson, who predicts that a crash is just around the corner.

Plus, a resource-rich Mozambique is facing an armed uprising. Jasmine Opperman, an Africa business risk and security analyst, tells us why.

And, Leigh Day partner Oliver Holland discusses a court victory for Asia’s shipbreakers.