TURKEY

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From Stagnation to a Deepening Crisis: Troubles in the Turkish Economy in the Run up to 2020

After taking power in 2002, the Justice and Development Party achieved economic growth through its policies of granting funding to the private sector to carry out mega-projects, pumping credit through commercial banks, and attracting foreign investment.

EPC | 07 Nov 2019
Early Elections in Turkey: Causes and Potential Outcomes

On April 18, 2018, the Turkish President, Recep Tayyip Erdogan, announced that presidential and parliamentary elections would take place earlier than planned on June 24, 2018.

EPC | 23 Apr 2018

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Impact of Coronavirus Pandemic on Turkish Economic Sectors

The coronavirus pandemic (or COVID-19) has struck the economic sectors throughout the world and caused a sudden disruption in the financial and economic activity. Yet the effects of the pandemic have not been even across the various economic sectors in the world. While some sectors were severely affected which led to their bankruptcy and collapse, others were only partially affected. In contrast, some economic sectors thrived with the increase in market demand for their services such as the health sector. The decisive factor determining the extent and depth of those effects will be the duration of the pandemic in a country and the lockdown and quarantine measures that the government has to take. The above applies to Turkey as well, except for one important difference, namely that the coronavirus pandemic erupted at a time when Turkey had already been experiencing a significant financial crisis. That is why the consequences of the pandemic are expected to be twofold for the Turkish economy.

EPC| 11 Jun 2020
Turkey’s Lira Crisis: Feasibility of Traditional and Non-traditional Solutions

The financial crisis broke out in Turkey for cumulative reasons even before the emergence of the coronavirus pandemic. While the negative effects of the global pandemic will emerge during this summer in Turkey, the pandemic has destroyed government hopes and plans for economic recovery, albeit relatively, this year. This paper looks into the reasons for the current Turkish lira crisis and the solutions available to the government to overcome it or manage it for a longer period.

EPC| 17 May 2020

Publications

Internal and External Dynamics of a Rapidly Changing Turkey

Turkey is today undergoing significant political turbulence. President Erdogan’s popularity is in decline and the incumbent Justice and Development Party (AKP) appears increasingly vulnerable to

EPC | 07 Oct 2019

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