Will turkish economy ever restore under Erdogan’s regime?

blog-news-turkey

There have been concerns about the Turkish economy under Erdogan’s leadership, including high inflation, unemployment, and a weakening currency. Critics argue that his government’s economic policies have been unsustainable and lacking in transparency. The high inflation rates have eroded the purchasing power of citizens, particularly affecting low-income households who struggle to afford basic necessities. Additionally, the unemployment rate has remained persistently high, exacerbating social tensions and contributing to a sense of economic instability. The weakening currency has also raised fears among investors and businesses, leading to capital flight and further economic uncertainty. Despite these challenges, Erdogan’s administration has often been criticized for its reluctance to implement necessary structural reforms and its tendency to prioritize short-term political gains over long-term economic stability. This has fueled skepticism both domestically and internationally about Turkey’s economic prospects under his leadership.