Turkey’s Treasury and Finance Minister Berat Albayrak unveiled Turkey’s new economic program.
“Using the U.S. dollar as a weapon against other countries in an effort to promote the political interests of the U.S. itself has become the final blow to the U.S. dollar. The U.S. dollar was meant to be the stabilizer of the world trade and economy, not the destabilizer.”
A report published by the SETA Foundation underlines how Turkey will be able to achieve economic success under the new presidential system.
Western media outlets have systematically cherry-picked data in order to argue that the depreciation of the Turkish Lira is Turkey’s fault.
Trumpian foreign policy will continue to damage U.S. credibility and standing within its allies as well as its competitors. While U.S. allies like Europe and Turkey are going to struggle to effectively address these challenges, they are unlikely to simply roll over.
If the Turkish government is able to resolve its political issues with the U.S., then speculative attacks on the Turkish economy are more likely to ease.
As the public debt level is currently very low, the Turkish government has an ample room to increase its spending level to boost the real economy.
Economic confidence in Turkey improved in July, rising 2 percent, the Turkish Statistical Institute (TurkStat) reported on Monday.
Turkish President Recep Tayyip Erdogan attended a ceremony at Istanbul’s iconic bridge to mark the second anniversary of the July 15, 2016 defeated coup in Turkey, which left 251 people martyred and nearly 2,200 injured.
Ahead of the snap election in June 2018, Turkey is under a severe financial attack. It is quite apparent that Turkey’s macroeconomic indicators are quite healthy, and it is not possible to explain the current financial pressure “economically”.