Turkey’s outlook a year after the April 2017 referendum
Source:Hurriyet Daily News Date:16Apr2018
A comprehensive scorecard of Turkey one year after the presidential referendum:
On the economy, the value of the Turkish Lira is constantly plunging against the U.S. dollar and the euro, with apparently no viable ways to stabilize it. The government’s pressure on the Central Bank prevents the introduction of necessary monetary measures and much-anticipated structural reforms are unlikely on the horizon. Just to note: 1 U.S. dollar was 3.62 TL on April 17, 2017, while it was 4.06 on April 13, 2018.