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The crisis in Turkey and what it means for your portfolio Earlier this month, Turkey’s worsening economic woes were on the front pages of financial news, sending stock markets around the globe down. For the last few years, the Turkish government and corporations have borrowed heavily from foreigners. But this summer, investors grew particularly worried about the prospects for the Turkish economy and their investments in it. High growth has been accompanied by rising inflation, now reaching 15% annually. But the central bank has been prevented to raise interest rates by the country’s President, Recep Tayyip Erdogan. The President’s increasingly autocratic style of government has also been a g