J.P. Morgan Warns of Growth Impact After Turkey Quake
Turkey is facing a major crisis in its investment fund sector, as asset management funds have failed to meet redemption demands, leading to regulatory interventions and a significant negative risk to economic growth. JPMorgan Bank anticipates that this crisis will impact economic activity in the last quarter of 2026, with risks of GDP growth shrinking to around 3%. In an attempt to address the disturbances, Turkey has prepared a draft of amendments to the Capital Markets Law aimed at stabilizing the market without imposing additional burdens on investors.
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