Turkish economy

Erdogan’s credibility plunges along with lira

Turkey’s president has received the lowest grade from consumers in his political career as his controversial economic policy is expected to further fuel inflation in the coming months.

Turkey

Erdogan seeks foreign policy score amid currency crisis

Despite its currency’s meltdown, Turkey’s President has still room to maneuver in the foreign policy field.

Turkey

Turkey’s central bank cuts rate again despite nosediving lira

Erdogan’s push for lower interest rates despite Turkey’s tumbling currency and soaring inflation is an economic gamble that he is unlikely to win.

Turkey

Paris climate accords to take effect in Turkey next week

Turkey was relatively late to implement the global climate agreement, but President Erdogan felt compelled to do so following severe wildfires and floods this year.

News Brief

Turkish inflation nears 20% on rising food, energy costs

While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global energy costs.

Turkey

Interest payments top education, healthcare in Ankara’s 2022 budget 

Funds allocated to interest payments account for 13% of all spending in Ankara’s draft budget for next year, outstripping education and healthcare spending.

Turkey

Energy prices threaten to aggravate Turkey’s economic woes

Natural gas prices have shot up in Turkey, where heavy reliance on foreign energy sources leave the economy vulnerable.

Turkey

Global finance watchdog adds Turkey to grey list

Amid high inflation, widespread youth unemployment and deepening poverty, the country's economic situation is looking increasingly grim

Turkey

Is Ankara capitulating to or allowing lira’s depreciation?

Turkey’s central bank shocks financial markets with a bigger-than-expected rate cut, overriding concerns over the slump of the Turkish lira and its bruising impact on the economy.

Turkey

Turkey’s vulnerable lira plunges to record low after central bank sackings

In a midnight decree, President Recep Tayyip Erdogan rid the central bank of key bureaucrats who opposed his calls for lower interest rates ahead of next Thursday’s key meeting.

Turkey

Is Erdogan’s Communications Directorate failing him?

Fancy buildings and growing budgets at Turkey's Communications Directorate have failed to improve Erdogan’s global image. Growing rumors about his health and discussions over possible transition figures are a red flag for Turkey’s economic and political welfare. 

Turkey

Istanbul’s war on street waste collectors threatens migrants

Police raids on the unregulated recycling sector are targeting some of the poorest members of Turkish society, including undocumented refugees with few other options to survive.

Turkey