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Illusion’s End: Erdoğan and Turkey’s Coming Economic Chil

The rapid depreciation in the value of the Turkish Lira since the beginning of 2018 is the product not only of the collapse of any remaining vestiges of investor confidence in the regime of President Recep Tayyip Erdoğan but a…

  • Gareth H. Jenkins
  • Turkey Analyst

BACKGROUND: When the AKP first took office in November 2002, the Turkish economy was already rebounding from the currency collapse of February 2001 and subsequent sharp recession.

Zes 2bThe Economic Stabilization Program that the outgoing administration had drafted with the IMF, and which was backed by $32 billion in loans from the…

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