Turkey’s economic struggles
Will inflation continue to surge?
Turkey’s annual inflation rate hit 36.1% in 2021, the highest in President Erdogan’s 19 years in power. In the meantime, the Lira has lost more than 40% of its value. Maria Demertzis sits down with Elina Ribakova, Deputy Chief Economist of the Institute of International Finance, and Refet Gurkaynak, Professor of Economics at Bilkent University, to discuss the circumstances that have contributed to these developments and the outlook for Turkish economy.
Related content
A fresh perspective on EU-Turkey relations: still a possibility?
Examining the mutual benefits of a EU-Turkey customs union.
Is the EU fiscal rules reform going in the right direction?
Reviewing the European Commission’s proposal for reforming the Stability and Growth Pact.
Lessons from China’s semiconductor technology push
China’s semiconductors push already has lessons for the rest of the world.
How European Union energy policies could mitigate the coming recession
The European Union faces recession, but the way in which policymakers manage the energy crisis will determine its depth and duration.