On October 14, 2024, the capital city of Turkey, Ankara, reportedly suffered a heavy attack on one of its defense facilities, leaving several casualties. The incident has greatly awakened high concerns over regional security in a bid to attract the attention of the international community in discussing the area’s stability. It appears that part of general tensions in the region, these attacks are at least partly a result of ongoing conflicts in various countries surrounding it.
Whereas Turkey faces economic challenges with most countries, mostly global inflation and geopolitical uncertainties, there are a series of influences on financial markets that are followed by close scrutiny by analysts and policymakers.
