The Turkish Economy Is Struggling with Political Volatility
Since 2015, the Turkish economy has had to cope with two general elections in rapid succession, the 2016 attempted coup in July and its fraught aftermath, and multiple terrorist threats. Yet, according to the latest data, the Turkish economy achieved a 2.9 per cent real GDP growth in 2016. According to the government, prospects in 2017 are positive: the recovery seen at the end of 2016 from the third quarter contraction is expected to continue with stronger EU growth supporting exports. Despite the damaging anti-EU political rhetoric from some Turkish ministers, the economic team has pledged to deepen economic relations with the renegotiation of the Turkey–EU Customs Union.… Seguir leyendo »