Tag: turkey economy

‘Day of reckoning’: Turkish economy’s post-election peril

By Dmitry ZAKS ISTANBUL (AFP) – Turkey’s economy is in a double bind: analysts see its current policies leading to imminent peril and the prescriptions incurring massive pain. President Recep Tayyip Erdogan campaigned round the clock to win the toughest election of his two decades in power in a historic runoff last weekend. He also poured billions of dollars into campaign pledges — and tens of billions more into keeping the lira from suffering politically […]