Turkey is fighting the Covid-19 pandemic and is helping other countries do the same. However, the health crisis has exposed the country’s vulnerabilities because of its political, economic, and foreign policy choices. Maintaining these choices in the midst of a global recession will be a tall order.
Turkey’s lira tumbled 1.4% on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign access to local markets, exacerbating investors’ concerns over depleted reserves.
The novel coronavirus has entered our lives for good since the end of February and has brought drastic changes, with lots of information bombarding us every day as the scientific and other information is constantly changing.