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Business Daily: Politicising Turkey's Economy

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25/01/2017 GMT

Politicising Turkey's Economy

BBC World Service - Business Daily, Politicising Turkey's Economy

Turkey's economy was once the star of the Middle East. Today it's in trouble.

How Turkey's economy has gone from being the star of the Middle East to holding one of the world's worst performing currencies. Plus, Greece's never-ending economic pain.

If the value of a country's currency is a measure of confidence in its economy, then Turkey is in trouble. The Turkish lira is the world's worst performing currency so far this year. It's all a far cry from not too long ago when Turkey was the economic star of the Middle East. Selin Girit reports from Istanbul, where retailers are struggling to keep their businesses afloat, and we speak to Atilla Yesilada, an economist and political consultant with Global Source Partners in Istanbul, about how President Erdogan's politicisation of the country's economic woes is adding to the problem. Plus, Giorgios Christides in Thessaloniki reports on Greece's never-ending economic pain.

(Photo: Turkish President Recep Tayyip Erdogan giving a speech in Ankara in January, Credit: Getty Images)

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