Tag: COVID-19

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What do Macroeconomic Indicators say about Turkey’s Economic Struggle?

What do Macroeconomic Indicators say about Turkey’s Economic Struggle?

The pandemic-induced economic crisis and subsequent contractions in global demand will worsen Turkey’s economic outlook, as the AKP’s populist policies and unorthodox approach towards economics pose an increasing risk to the Turkish economy. As a direct result of the government’s intervention in market mechanisms, chronic inflation and the continuous devaluation of the Turkish lira will constitute a nearly insurmountable challenge for the AKP in the short-term.

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