How Erdogan is destroying Turkish economy ?



Polls herald the end of Erdogan Era in politics.


  • Yet the President is determined to trigger an economic crisis is his legacy.


  • Thanks to his silly policies, economic confidence has sunk to historic lows.


  • His first error is to order the Central Bank to cut rates at a time when the world is facing stagflation, and Turkish inflation soars to 20%.


  • Erdogan is trying to suppress food inflation by punishing food retail chains and opening state food stores.


  • Yet, his biggest crime: Turkey is now officially a Mafia state. There is no incentive to work or invest.


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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 and has contributed to the financial daily Referans and the liberal daily Radikal.