Turkey most vulnerable to a fall in capital inflows among ‘fragile five’, says Fitch | The National:
"Of the so-called “fragile five” major emerging markets, Turkey is the most vulnerable to a drop in capital inflows prompted by the anticipated raising of US interest rates this year, according to new research from Fitch Ratings.
However the ratings agency says that the five-member group as a whole, consisting of Brazil, India, Indonesia, Turkey and South Africa, are exhibiting fewer signs of vulnerability across a range of indicators, implying that the most severe effect of the Fed’s tapering programme will be felt by smaller emerging markets.
Turkey was the worst-performing member of the group in Fitch’s most recent heat map of 11 potential vulnerabilities related to external and public finances and the banking sector, released late on Friday."
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