Friday, 05 December 2008 13:42

Turkey on the Brink of Economic Crisis

By M. K. Kaya (vol. 1, no. 19 of the Turkey Analyst) 

The effects of the global economic crisis are increasingly making themselves felt in Turkey as well. After having initially taken the position that Turkey would somehow remain shielded from the global unrest, the AKP government has gradually been forced to acknowledge the vulnerability of the Turkish economy. However, with continued political instability and with the upcoming local elections, the AKP government is having severe difficulties in mustering the required ability to manage the unfolding economic crisis.

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The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.

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