President Erdogan continues to “stay the course” and “full
speed ahead” pursuing an unorthodox post-municipal elections economic policy
which has a deleterious impact on Turkey’s present-day economy.
The end of sanction waivers on Iranian oil imports
exacerbates Turkey’s plummeting foreign reserves and high external debt and may
possibly be catastrophic should Brent prices rise another $10/bbl.
An analysis of the the key factors: Energy, Food and Political are articulated in my article:
Turkey: Riding the Economic Titanic.