ISTANBUL — Only a few weeks ago, Turkey seemed a better bet than many other emerging markets to withstand a global economic slowdown over the coronavirus. But now, with the disease having hit home, the virus has found Turkey's weak spots. The infection count has surged in less than two weeks to 1,256 with 30 dead. Economists say that despite Ankara's initial $15-billion package of support, it could be headed for another slump. Suddenly, Turkey appears exposed because of its relatively high external liabilities, limited reserves and fragile lira.

Source: International New York Times March 23, 2020 11:37 UTC