Turkey’s economy is at the top of the agenda as President Erdogan announced his new cabinet. Despite the message of reform and normalization that Erdogan hopes to convey with this new cabinet, markets remain skeptical as the Turkish lira continued its slide against the dollar. Prof. Henri Barkey joins Thanos Davelis to look at what to expect from Erdogan’s new cabinet, with a focus on the key challenges facing the Turkish economy.
Turkey’s economy is at the top of the agenda as recently re-elected President Erdogan announced his new cabinet. This was clear from the appointment of former economic czar Mehmet Şimşek - an advocate for a return to orthodox economic policy - as Treasury and Finance minister. Despite this move, and the message of reform and normalization that Erdogan hopes to convey with this new cabinet, markets remain skeptical as the Turkish lira continued its slide against the dollar. Prof. Henri Barkey, an adjunct senior fellow for Middle East studies at the Council on Foreign Relations and the Cohen chair in international relations at Lehigh University, joins Thanos Davelis to look at what to expect from Erdogan’s new cabinet, with a focus on the key challenges facing the Turkish economy.
Read Henri Barkey’s latest analysis here: What’s In Store for Turkey’s Economy Under Şimşek?
You can read the articles we discuss on our podcast here:
Deciphering Turkey’s new Cabinet: Real reform or window dressing?
Lira plunges 7% as Turkey edges towards free market
OECD: Robust Greek economic growth projected despite headwinds