Sluggish perspectives of Turkish economy

EPA/SEDAT SUNA

The Turkish lira tumbled by 4.4 percent reaching 2.92 against the US dollar and 3.35 against the euro marking the worst drop since March 2015.

Sluggish perspectives of Turkish economy


Turkey may face a long-term period of economic stagnation and even decline because of the unfavourable geopolitical developments, a sharp weakening of the lira and economy’s heavy debt, warned experts at the discussion on the Turkish economy organised by the European Policy Centre on Tuesday. Endemic corruption, war in neighbouring Syria, deterioration of the internal security situation also contribute to the slowdown of the country's economy. Nevertheless, Turkey still has a great potential to ...


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