Turkey's economic crisis has gone off the radar — but there's a huge chance it could get a whole lot worse

Murad Sezer/Reuters

• News out of Turkey about its stuttering economy has slowed over the past few days, but major issues remain.
• After the collapse of the lira, HSBC's Melis Metiner is now warning of another thread to the country's fragile economy.
• Credit growth in both the commercial and domestic sectors is slowing sharply, likely presaging a significant weakening in growth going forward.

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After the flare-up in Turkey which saw its currency drop 25% in a week, major tensions with the US, and even talk of its entire economy collapsing, things appear to have quietened down over the past few days, as the country settles in to try and solve its problems.

Just because things have calmed down, however, doesn't mean Turkey is out of the woods yet, and a recent note from HSBC shows just why.

See the rest of the story at Business Insider

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See Also:

• 19 signs your company doesn't care about you
• CREDIT SUISSE: Turkey's currency crisis is unlike many others in recent history, and there are 2 trades that could rake in profits
• The lira is tumbling after the US said it's ready to kick its battle against Turkey up a notch

SEE ALSO: Turkey’s turmoil blew a $19 million hole in one trader’s account — here are the winners and losers from the crisis

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