💨 Abstract

The arrest of Turkey's leading opposition figure has caused turmoil, leading to a record low lira, increased borrowing costs, and uncertainty in the private sector. Companies are reassessing risk, pausing investments, and slashing budgets. The central bank has raised interest rates, and businesses expect more pain. Companies are making plans for the uncertain future, and some are carrying out human resources risk assessments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖