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Economics Europe Outlook for 2017

2017 Preview: The lira and Turkey’s risky debt

The economic and political problems that Turkey faced over the past year are unlikely to disappear, and may become more acute.

Economics Europe

Russia could suffer economic blowback from Syria intervention

Russia’s domestic economy risks a further blow from the ongoing military operation in Syria. Already damaged by low oil prices, capital flight, inflation and western sanctions, Russia’s domestic economy risks

Economics Middle East/North Africa

Turkish lira or Syrian pound? Currency debate sparks divide in Northern Syria

Opposition groups in Syria’s North are opting to use the Turkish lira over the Syrian pound to take advantage of a more stable currency, while also deliberately seeking to devalue

Europe Politics

Opinion: Turkey in need of sharp political change

After the Ottoman’s faced defeat in World War I at the hands of allied forces, a brave Turkish military officer who served during WWI led the Turkish War of Independence

Finance Middle East/North Africa

Turkey’s monetary policy feud stokes financial risk

While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Basci and deputy PM for

Economics International

Erdogan undermines Turkish Central Bank’s autonomy

On 30 April, the Governor of Turkey’s Central Bank, Erdem Basci, announced an interest rate cut in the near future, but specified neither number nor schedule. The announcement came a week after reaffirming the Bank’s

Middle East/North Africa Politics

Erdogan and AKP preserve power in local elections

Turkey’s recent mayoral polls were an unofficial referendum on Prime Minister Recep Tayyip Erdogan and his ruling Justice and Development Party (AKP).The vote results proved that Erdogan has survived the

Middle East/North Africa Politics

Gulen comments further threaten Turkish stability

Words from the influential preacher Fethullah Gulen from his recluse in a town in the Pocono Mountains of Pennsylvania recently plunged the Turkish state into further political crisis. In a

Economics International

Political risk to watch in 2014

Turkey, China and Brazil face a difficult year ahead in more ways than one: economic growth forecasts, political stability and foreign direct investment prospects are likely to take a hit.