Global financial developments are continuing on a positive trend for developing countries like Turkey. It is not clear how long this will go on, but the markets seem quite happy in the first month of the New Year.
It is widely expected that the Turkish economy will struggle on multiple fronts in 2018. What’s more, the prospect of a rise in populist decision-making in order to overcome these difficulties might disrupt the balances even further.
You will come across many economic predictions and opinions for 2018. I, personally, expect peace and serenity to dominate the climate and give way to the economy itself.
“With this current bureaucracy, it’s good that this ship is even sailing,” said a representative of the private sector following intense meetings with public officials.
Statements from the World Bank and rating agencies were made over the weekend regarding Turkey’s economic performance. I believe it would not be wrong to read these statements as “Economic warnings for 2018 from international economic circles.”
Businesspeople care about the following issues: Future foreign exchange rates, the outcome of the Reza Zarrab case, possible sanctions imposed on Turkish banks and potential repercussions from the S-400 missile-defense system purchase from Russia.
Last week the Turkish Industry and Business Association (TÜSİAD) warned Ankara about certain negative developments currently taking place. Its criticism also touched on the effects of recent economic and political mistakes.
With the trust that comes from the Turkish tourism sector’s recovery at the beginning of this year, tourism seems hopeful for Turkey in 2018.
Projects concerning newly found East Mediterranean gas to be transferred to Europe through Turkey recently had an important place in Ankara’s dream of becoming an energy center.