Episode 20-Turkey’s Economic Shift: Crisis or Comeback?

Since the May 2023 Presidential elections, Turkey's economic policy has changed significantly. Mehmet Şimşek, now the finance minister, signals a return to orthodox economic policymaking. This includes raising interest rates and implementing key reforms.However, challenges persist with a weak currency, high inflation, and declining FDI. The March 2024 local elections marked a critical moment as Erdogan and the AKP suffered a major defeat.In our 20th episode, we spoke with Serhat Süha Çubukçuoğlu from TRENDS Research and Advisory, an Abu-Dhabi based geopolitical advisory firm basedIn this episode, we covered several topics including:Look at Turkey's economic reforms since 2023 Presidential electionsExamining the rapprochement with Gulf countries like the UAE and Saudi ArabiaTurkey's FDI landscape and the challenges in attracting capitalYou can email your comments, feedback or suggestions to us: [email protected] theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay