Unfair play: Central government spending under Turkey’s AK Party
Melani Cammett and Davide Luca
Wednesday, June 20, 2018
On June 24, Turkey will go to early presidential and parliamentary polls. The snap elections come amidst significant macroeconomic turmoil. In May, inflation climbed more than 12 percent on an annual basis, while the Turkish lira has lost almost 20 percent against the dollar and the euro since the start of the year. International analysts such as Moody’s are significantly reconsidering growth rates forecasts. This macroeconomic deterioration follows a general slide in the quality of the country’s
economic and political institutions.
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