'Foreigners regard Turkey as the new Brazil'
The chief economist of HSBC, Ülgen, said foreign investors regard Turkey as new Brazil and there will be more money entry to the country than the current account deficit.
The chief economist of HSBC, Murat Ülgen, emphasized that foreign investors have confidence in Turkey and define it as the new Brazil: " return trend of Brazil is downwards in the recent years; because, there is a confidence in the ruling party. So, the interest rates are expected to fall. Investors regard Turkey as the new Brazil. They anticipate that inflation will go down and interest rates will recess."
