Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer/File Photo
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Around $179 billion in Turkish external debt matures in the year to July 2019, equivalent to almost a quarter of its annual economic output, JPMorgan estimates, flagging the risk of a sharp contraction for the crisis-hit economy.However, it said, companies did seem to have enough external assets to cover hard-currency liabilities, and around $47 billion of maturing debt consisted of trade credits, which are relatively easy to roll over.In all, it reckons roughly $108 billion of debt maturing through July 2019 had high roll-over risk.
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