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Monday, February 20, 2023

How Erdogan got back in the money – Asia Times

How Erdogan got back in the money Ukraine war and trade with China have propelled Turkey’s dramatic rise from worst to first among emerging markets By DAVID P GOLDMAN FEBRUARY 20, 2023 Buoyed by imports from China and exports to Russia, Turkey’s economy grew by 5.3% in 2022, after expanding 11.4% in 2021. Only two years ago, the country’s currency was melting down and government bond yields spiked to 24%. More:How Erdogan got back in the money – Asia Times