Easy money and the carry trade seem to be the only quick fix for the Turkish economy to emerge from a slow down. With political friction, self interest, the Syrian issue, NPL, unemployment, transparency issues, CB, S400, and many other smaller problems, the economy will continue to be soft and further contraction likely in dollar terms.
The Fed seems to be the only easy fix, but with the US economy moving along with minimal issues, Turkey will need to implement other creative tools along with some external luck to elevate the economy.
With Asian investors addicted to higher rates regardless of the other risks, they may provide some relief to Turkey but if the dollar continues to rise, they could sell their positions and leave Turkey fishing for more money.
