As Trump stumbles, Turkish economy comes back from brink of crisis
US President Donald Trump's underperformance on his pledges has directed global funds back to emerging economies, including Turkey. Propped up by the inflow of foreign capital, the Turkish economy has begun to pull itself together, returning from the brink of the crisis that occurred in the second half of 2016 when its growth rate had dropped to 1%. The Justice and Development Party (AKP) government looks set to close the year with a growth rate of 3.5% to 4%, notwithstanding the many problems accumulated in the meantime, including the budget deficit, bad loan risks, a growing current account deficit, ossifying unemployment and double-digit inflation.
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