turkish economy

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Caught between a rock and a hard place, Erdogan seeks a way out

Nov 21, 2020 Developments at home and abroad are forcing President Recep Tayyip Erdogan to seek a fresh course aimed at delivering Turkey from its current economic morass and debilitating political isolation in the West. Having sacrificed his son-in-law Berat Albayrak, the former finance and treasury minister, at the altar of a “new beginning,” Erdogan …

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Turkey’s business leaders keep quiet as economic crisis deepens – Al Monitor

Turkey’s economic turmoil is worsening amid a fresh bout of currency depreciation, but a deafening silence reigns over the country’s leading business groups as few seem to have the courage to openly criticize President Recep Tayyip Erdogan and his government. The freefall of the Turkish lira has meant a 48% increase in the price of …

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