BRUSSELS
Investors continue to target Turkey, despite political uncertainty, economists told Anadolu Agency on Thursday.
"Turkey remains an attractive investment destination if it can ensure political stability in a long-term sustainable way," Alessio Terzi, Affiliate Fellow at the Brussels-based think tank BRUEGEL said.
Turkey is facing a snap election on Nov. 1, nearly three months after parties failed to form a coalition government. But investors are shrugging off the political worries, according to Terzi.
"[From an] economic point of view, Turkey's economic fundamentals are very strong. It has a growing and young population, it has been investing in education, and R&D, and in other important sectors," he added.
Since a June election, Turkey has faced a renewed Kurdish insurgency, and threats from Daesh.
But investors can look beyond the current context.
Hosuk Lee-Makiyama, director of the European Centre for International Political Economy told Anadolu Agency: "Turkey has huge opportunities in the Middle East and Asian regions; it is undertaking major trade negotiations that will boost its economy."
"The current government has put a priority on expanding exports, which already are more than a quarter of GDP -- that’s 'China levels,'" he said.
"Turkey is definitively in the ranks of investment grade economies -- the question is why it is not rated above that, and higher than some southern EU countries?" he queried.
