More clashes between protesters and police have put Turkey's social unrest back in the spotlight, following unprecedented steps by the country's central bank to shore up its weakening currency.
Turkish police on Monday fired teargas and water cannons at protesters who tried to enter Gezi Park in Istanbul to protest again at the park's redevelopment– the original source of discontent that led thousands of Turkish people to demand a change of government last month.
But economists warned that further social unrest and unresolved political tensions would not help Turkey's unstable economy and cautious investor landscape.
"Further protests would undoubtedly damage the economy further," Nigel Rendell, senior economic policy adviser at Medley Global Advisors, told CNBC on Tuesday. "I don't think these current protests will get the same ground swell of support as before - the police will take a hard line in response to further protests - but they could certainly damage the economy."
Read More: Turkey 'Looks Vulnerable' as Unrest Flares Again
Turkish police on Monday fired teargas and water cannons at protesters who tried to enter Gezi Park in Istanbul to protest again at the park's redevelopment– the original source of discontent that led thousands of Turkish people to demand a change of government last month.
But economists warned that further social unrest and unresolved political tensions would not help Turkey's unstable economy and cautious investor landscape.
"Further protests would undoubtedly damage the economy further," Nigel Rendell, senior economic policy adviser at Medley Global Advisors, told CNBC on Tuesday. "I don't think these current protests will get the same ground swell of support as before - the police will take a hard line in response to further protests - but they could certainly damage the economy."
Read More: Turkey 'Looks Vulnerable' as Unrest Flares Again
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