Buckle up 2018-19 finds the turkey’s economy crisis as an inevitable and heading down, and that’s ahead of surprises
Shajjadul Islam, Md Shohel Rana
Turkey is quite intimate with economic crises that follow the latest 2018-19 crisis. A quick financial downturn is under way in the context of foreign interference, political imbalance and socio-cultural integration. Our purpose was to find out the foremost factors behind the immediate triggers which render the situation impossible to understand properly. The effect of a currency crisis and rising inflation and interest rates create a tense political unrest. These dilemma relates to the Turkey’s president Recep Tayyip Erdogan was confronting his first recession as his party will be tested for local elections. This article will exposed Turkey serious Debt crisis. In the mean time, another problem looming over Turkey’s economy is the threat of U.S. sanctions over it’s economy. These results on the progress to the crisis on Turkish economy. This article comprises several thematic sections with graphical presentation. This article discovered the main strengths and weakness considering Turkish fragile economy. The article concludes by discussing Turkey and the necessary structural reforms required for transforming the economy of Turkey.