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Turkish business groups call on Erdogan to heal rift with US

Leading Turkish business groups have called on Ankara to tighten monetary policy, introduce austerity measures and urgently resolve a dispute with the US after a currency crisis that has battered the lira.

The move was a rare show of public dissent from Turkey’s corporate sector, since many business figures are reluctant to openly challenge the government of President Recep Tayyip Erdogan. It highlighted the extent of its concern about the slide in the lira, although the currency staged a rally on Tuesday.

In a sign of possible tensions between Turkish business and government, Mr Erdogan toughened his stance, calling for a boycott of US technological products.

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