Erdoğan, Trump, and the Strongman Politics Devastating Turkey’s Economy
By Fariba Nawa
August 16, 2018
The usually bustling open market in the Kadıköy district of Istanbul was half full on Sunday. Shop owners had increased their prices twenty per cent over the past two weeks. The cost of a package of eggs had risen by fifty per cent in a week; the price of bananas imported from Latin America had doubled. Aynur Keskin, a homemaker with two school-aged children, bought a few items and shook her head, dismayed at the rising inflation, a result of the country’s ailing economy and the plummeting Turkish lira. “I was thinking of going abroad for a holiday, but that’s a dream now,” she told me.
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