Turkey has pulled off a great escape. On the brink of economic collapse a year ago, credit rating agencies such as Fitch and S&P Global recently upgraded the country’s sovereign rating from B to B+. Yet, as tempting as near 50% annualised interest rate carry on a long lira/short dollar trade offers, Turkey isn’t out of the woods yet despite its promising start. Click HERE to read the rest of this article on Substack.