Turkey’s Economic Problems before the Elections
Turkey’s Economic Problems before the Elections

Author(s): Karol Wasilewski
Subject(s): National Economy, Governance, Economic policy, Economic development
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Turkey; Turkish economy; economic problems before the elections; value of Turkish lira; structural reforms;
Summary/Abstract: In May, the Turkish lira reached a record low to the U.S. dollar. Turkey’s growing economic problems stem from Turkish politicians’ preference for political goals over economic ones. For now, the authorities have begun to undertake actions to regain investors’ trust, but in the longer term, Turkey’s economy needs to undergo deep and probably unpopular structural reform. The country’s economic problems may significantly influence the parliamentary and presidential elections set for 24 June.

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