The Turkish lira is falling, tourists are veering away and a national deficit is increasing. With the Turkish economy stagnating, the government is looking at the White House hoping that its new tenant, Donald Trump, an admirer of President-Sultan Erdogan, will lend a hand.
In the past three months, the value of the Turkish currency has declined sharply. It has lost 15 percent of its value against the dollar. At the root of the situation are a series of events attributable to the AKP, the party in power:
By playing the role of arsonist in the Middle East, Turkey has increased the number of terrorist attacks by Islamist groups striking the hand that bankrolled them, scaring tourists away. The massive cleansing after the failed coup on July 15 has pushed foreign investors away and led to the closure or compulsory administration of 496 companies, whose leaders were accused of ties to the exiled Muhammed Fethullah Gülen. And the shooting down of the Russian Sukhoi jet last year — despite subsequent reconciliation with Moscow — has not been completely forgotten, and many of the Russian sanctions remain in place.