News / Economic Divide

Can Erdogan return the glory days to Turkish economy?

Friday, 13 February 2015 9:45 AM [ Last Update: Friday, 13 February 2015 9:45 AM ]

Turkish President Recep Tayyip Erdogan

The Justice and Development Party (AKP) under the leadership of Recep Tayyip Erdogan, now the country's president, was the key factor behind Turkey's strong economic growth.

It was able to bring down the staggering annual inflation rate of up to 100 percent to single digits with an increase in GDP by more than 45 percent in real terms. Getting the attention of international investors and global finance.

But today, Turkey is facing an economic turmoil because of the political instability which has shaken the confidence of international companies in the Turkish markets.

Currency weakness, rising inflation, regional instability, and political disquiet are the key factors that could potentially undermine the AKP government's advances.

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