Turkey: Will it Fly Again?
Niral Patel
Turkey has been highlighted as a strategic emerging economy. The country is geographically located between Europe and Asia – often considered the bridge between the East and the West. Turkey is often credited with weathering the global economic crisis in the last decade when compared to other emerging economies. However, after a pendulum shift of strong economic growth from 2009-2011, the growth stagnated and has been on a steady decline. Two variables have accelerated this decline. Political uncertainty coupled with regional violence, and a weakening Lira have contracted Turkey’s GDP.
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