Video Commentary: Can The Opposition Rescue Turkish Economy?

Atilla YeşiladaPosted on

 

Thanks to President Erdogan’s policies bordering on insanity, the economy is a mess:  Inflation 80%, devaluation 50%, unemployment 20%.

 

  • It will get worse; Moody’s just downgraded the Treasury.

 

  • With 11 months left to general and presidential elections the opposition Nation Alliance leads in both polls.

 

  • AKP claims the opposition has no economic plans and only Erdogan can recue the economy.

 

  • Is he correct? Or, does the opposition have a valid plan to set things right?

 

  • The answer is nuanced: For a year or two the opposition will do better. Afterwards?

 

 

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.