Turkish foreign investment inflows slow 22 percent

Foreign direct investment inflows to Turkey dropped by an annual 22 percent in the first four months of the year, Dunya newspaper reported citing government data.

FDI fell to $3.1 billion, Dunya said on Friday. Investment in April alone totaled a net $863 million, it said.

Foreigners are investing less money in Turkey after a failed military coup in July 2016, concern about the rule of law, and economic instability – the lira has slumped by about 20 percent against the dollar this year, inflation is in double digits and the current account deficit has widened to about 6.5 percent of economic output.

Turkey saw $233 million of capital inflows to Turkey in April of which $113 million was sourced from Asia and $80 million from the European Union, Dunya reported.