Will Turkey’s new economic officials win over investors?
The new central-bank boss is making changes. But President Erdogan still calls the shots
FOR SOMEONE thought to be the second-most-powerful person in Turkey and a possible successor to President Recep Tayyip Erdogan, it was an unseemly exit. In a statement posted on Instagram on November 8th and riddled with grammatical mistakes, Berat Albayrak, the president’s son-in-law, said he was stepping down as finance minister and leaving politics. It took Mr Erdogan and his officials over a day to digest and confirm the news. It took another day to name Lutfi Elvan, a former deputy prime minister, as his replacement.
This article appeared in the Finance & economics section of the print edition under the headline “Comings and goings”
Finance & economics November 14th 2020
- What a vaccine means for America’s economy
- News of an effective vaccine injects optimism into markets
- Could the vaccine help ailing emerging-market shares?
- Demand for American grain is surging
- Will Turkey’s new economic officials win over investors?
- Klarna, a Swedish payments unicorn, wants to conquer America
- Why relations between economists and epidemiologists have been testy
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