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Monday, March 13, 2017

Erdogan sending Turkey into a death spiral | The Japan Times

Erdogan sending Turkey into a death spiral
by Andrew Wachtel

BRISHKEK – The series of terrorist attacks that have struck Turkey over the last year are sending the country — once viewed as a democratic, secular model for the Middle East — into a death spiral at the very moment when its people are to vote on a new constitution next month. Tourism — which had accounted for more than 10 percent of Turkey’s GDP — is withering, and foreign direct investment is set to slow considerably. These outcomes will reinforce each other, producing a vicious cycle that will be difficult to halt.

More:Erdogan sending Turkey into a death spiral | The Japan Times