Turkish President Recep Tayyip Erdogan received a warm welcome at the White House from President Trump on Wednesday. This façade of good relations between the two countries is highly deceiving, however. Any sense of victory Turkey claims after this visit is bound to be illusory. In reality, the two countries are wide apart on substantive issues, and the two presidents are very lonely at the top.
This paper aims to analyze current condition and outlook of Turkish economy in regard to private sector debt problem, macroeconomic policies of the government, transparency of the national accounts and US-Turkey relations.
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
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