The struggle to restore Turkey’s stricken economy
The effects of mismanagement will linger
DURING TURKEY’S constitutional upheavals in 2016-17, when President Recep Tayyip Erdogan faced down an attempted coup and gathered up new political powers (and prisoners), the country’s economic reformers remembered better days. They talked wistfully of an imminent return to “factory settings”. Turkey, they believed, had a default set of successful policies, from which it had recently deviated and to which it could quickly revert, undoing any mistakes in between.
This article appeared in the Finance & economics section of the print edition under the headline “Default setting”
Finance & economics March 16th 2019
- China’s current-account surplus has vanished
- How to be a rock-star bond investor
- Euro-zone fiscal policy is easing for the first time in a decade
- Wells Fargo takes a pasting, from Congress and a regulator
- Indians may be falling out of love with gold
- The struggle to restore Turkey’s stricken economy
- Is modern monetary theory nutty or essential?
From the March 16th 2019 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Can anything spark Europe’s economy back to life?
Mario Draghi, the continent’s unofficial chief technocrat, has a plan
Has social media broken the stockmarket?
That is the contention of Cliff Asness, one of the great quant investors
American office delinquencies are shooting up
How worried should investors be?
China is suffering from a crisis of confidence
Can anything perk up its economy?
America has a huge deficit. Which candidate would make it worse?
Enough policies have been proposed to make a call
Why Oasis fans should welcome price-gouging
There are worse things in life than paying a fair price