Low interest rates are spurring growth, but Turkish businesses are struggling with debt as the country’s currency hits new lows against major hard currencies. Could Turkey become a flashpoint for another economic crisis?
As Turkey and Russia inaugurate the sea section of the TurkStream gas pipeline, President Recep Tayyip Erdogan can boast of Ankara's new geopolitical influence. DW asks why the pipeline is causing such a fuss.
Turkey's central bank has shown it has teeth, hiking interest rates beyond expectations to quell inflation and calm investor nerves. But as recession looms and Erdogan growls, Turkey is not quite out of the woods.
As global stock markets hit a rocky patch, many are asking if such volatility is a harbinger of worse to come or if this is just a natural market correction. DW looks at some of the key issues shaping the turbulence.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
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