Turkey's Economic Weakness Fuels a Slow-Burning Political Crisis
Feb 17, 2020 | 10:00 GMT
(DIEGO CUPOLO/NurPhoto via Getty Images)
- The fragile fundamentals of the Turkish economy and continued currency volatility could spook investors, eroding the economic stabilization that had enveloped Turkey after its recovery from 2018's currency crisis.
- Economic pressure won't dissuade the more aggressive foreign policy moves by Turkey's government; in part, they can stoke nationalist sentiment buoying its popularity.
- As economic confidence declines, the ruling coalition will suffer politically, even if it won't face an electoral toll until 2023 presidential and parliamentary elections.