Erdogan’s Policies Are Undermining the Turkish Economy

Political interference in monetary policy and an uncompromising approach to foreign affairs are hampering Turkey’s efforts to escape the middle income trap.

Current policies are exposing the Turkish economy, unnecessarily, to greater political and economic uncertainty, magnified significantly by the fragility of the international economic climate. Turkey needs an autonomous central bank and a more balanced foreign policy if it is to achieve monetary and currency stability, and increased trade and investment with Russia, Eurasia and the Middle East.

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