Turkey’s Economic Problems before the Elections

Author
Karol Wasilewski
Content Type
Commentary and Analysis
Institution
The Polish Institute of International Affairs
Abstract
In May, the Turkish lira reached a record low to the U.S. dollar. Turkey’s growing economic problems stem from Turkish politicians’ preference for political goals over economic ones. For now, the authorities have begun to undertake actions to regain investors’ trust, but in the longer term, Turkey’s economy needs to undergo deep and probably unpopular structural reform. The country’s economic problems may significantly influence the parliamentary and presidential elections set for 24 June.
Topic
International Affairs
Political Geography
Turkey