Due to a toxic mix of over-ambitious policy objectives, aggressive nationalism, and colossal policy miscalculations, Turkey is set to reach a rather peculiar, if not unique, record: becoming a country that has been officially sanctioned by Russia, the US, and the EU.… Read the rest
Two policy U-turns in less than a week signal the seriousness of the pandemic outbreak in Turkey. Facing a “perfect storm” as the country’s hospitals are overstretched, medical staff burned out and the contact tracing system overwhelmed, the government was left with no other option than introducing new restrictions.… Read the rest
Turkey has once again succumbed to some of its all too familiar failings.
We at Llewellyn Consulting have long argued that some economies behave as if they are prisoners of their own history.… Read the rest
It was a rather eventful and tumultuous weekend for Turkey’s economic management as it brought the firing of the central bank (TCMB) governor and the resignation of the finance minister. The former was dealt with the brutal efficiency of a presidential decree, and a new governor was quickly appointed.… Read the rest
The Turkish authorities confirmed 1,263 new cases of the novel coronavirus on 18 August, bringing the tally to 251,805. The death toll reached 6,016 as 20 more people lost their lives.… Read the rest
