💨 Abstract

The arrest of Turkey's leading opposition figure and Istanbul Mayor Ekrem Imamoglu has triggered widespread protests, international condemnation, and economic instability. The lira currency has plummeted, causing a sell-off of Turkish assets, increased borrowing costs, and forced companies to reassess their risk, pause investments, and slash budgets. The central bank has raised interest rates to stabilize the currency, but businesses fear further economic pain.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖