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Deutsche Bank Wealth Management: Remain cautious on Turkish lira, equities and bonds

Deutsche Bank Wealth Management urges investors to remain cautious on Turkish assets as higher inflation, higher recession risk, and headwinds for the banking sector place the economy under pressure. “However, contagion risks should be limited. The trade impact of a Turkish crisis are limited as the Eurozone’s exports to Turkey account for less than 0.6% of its GDP,” the bank…

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