Investors who ran from Turkey in droves over the last several years may want to start heading back, the latest report from Citi on the country’s nascent signals. After more than half a decade of dramatically depreciating currency, burning through FX reserves and unorthodox monetary policy, Turkey’s economy is battle-scarred. Official April figures show inflation in the country of 85 million sits at nearly 70%, Turks struggle to afford basic goods, and the lira has lost some 81% of its value against the dollar since this time in 2019. Exercising tight control over the central bank, Turkish President Recep Tayyip ... (full story)