Turkish Medium-Term Economic Scenarios: The Costs of Policy Stasis

Roubini Report, June 2015
Foundation for Defense of Democracies (FDD) & Roubini Global Economics

by Maya Senussi, Rachel Ziemba and Jonathan Schanzer *

The majority of the analysis on Turkey’s general elections, to be held on June 7, has focused on the domestic political ramifications of President Recep Tayyip Erdoğan’s bid to forge a presidential system that would enable him to consolidate power. But the outcome of this election will also be hugely consequential for the Turkish economy.

This analysis is coauthored by the FDD’s Center on Sanctions and Illicit Finance and Roubini Global Economics.

* Maya Senussi and Rachel Ziemba are Senior Economist (Turkey, Middle East and Africa) and Senior Director, Emerging Markets respectively at Roubini Global Economics. Jonathan Schanzer is Vice President for Research at the Foundation for Defense of Democracies (FDD) and FDD’s Center on Sanctions and Illicit Finance.

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