Turkey’s Erdogan set for economic U-turn and steep interest rate hike
Turkey is expected to reverse some of the unorthodox economic policies of President Erdogan. …
“It is a risk, but it’s a difficult circle to square,” says Ozge Zihnioglu, senior politics lecturer at the University of Liverpool. “He has to do something for the economy, but a clear shift to orthodox economic policies would hit a large section of society and he wouldn’t want to have that impact on local elections [next year].”
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