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Internal economy seems like it has improved by the numbers, but the greatest problem is the longevity of these improvements. If Turkey is not able to keep its e
by grenoire 10y ago
Internal economy seems like it has improved by the numbers, but the greatest problem is the longevity of these improvements. If Turkey is not able to keep its economy together, whereas it will likely not be able to due to the aforementioned improvements being a result of the construction industry supplying for no demand, it is going to crash very badly.
Additionally, with its foreign policies and own political and socioeconomic problems, foreign investment has gone down significantly, leading to a great exchange rate declines (1.2 USD/TRY prior to the 2008 crisis, to 3.5 USD/TRY close today).