The tragedy of Erdogan’s economic mismanagement | Financial Times

The tragedy of Erdogan’s economic mismanagement End of brief shift towards economic orthodoxy leaves Turkey vulnerable It is no surprise that a leopard cannot change its spots, it was only a shock that the reversion to type happened so quickly. Turkey’s president Recep Tayyip Erdogan has quashed the country’s brief attempts to move the economy towards an orthodox response — raising interest rates — to address its sizeable current account deficit and tame inflation. This erratic and heavy-handed leadership leaves the country even more vulnerable to a potential shift to higher global interest rates. More:The tragedy of Erdogan’s economic mismanagement | Financial Times