Turkey’s economy has experienced a rapid return to growth over the past year, but the recovery has also brought high inflation and a deepening current account deficit as the government prepares for national elections slated for 2019.
Having suffered a disastrous period in 2015 and 2016, when an economic crisis coincided with a failed coup attempt and war, both in Turkey’s restive south-eastern provinces and across its borders in Syria and Iraq, Turkey’s economy experienced a remarkable rally in 2017.