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Turkish economy

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  • Friday, 26 May, 2023
    Turkish lira
    Market jitters push Turkish lira to fresh low ahead of presidential vote

    Currency falls to 20 to the dollar for the first time as polls predict Erdoğan victory at runoff election

  • Thursday, 25 May, 2023
    Trade SecretsAlan Beattie
    Erdoğan’s monetary misadventures are pushing Turkey off course

    The country’s vigorous export-oriented private sector is being threatened by the president’s economic chicanery

  • Thursday, 18 May, 2023
    Turkey’s foreign currency and gold reserves fell $17bn before election

    Pre-poll worries over economy exacerbated since Erdoğan’s strong first-round showing

  • Tuesday, 16 May, 2023
    News in-depth
    Erdoğan’s ‘unsustainable’ policy risks lira sell-off, warn rating agencies

    Investors increasingly concerned over Turkish president’s insistence that low interest rates cure inflation

  • Monday, 15 May, 2023
    Markets InsightFrancesc Balcells
    With Erdoğan ahead in Turkey’s elections, investors must reprice risks

    Hopes are dimming that a change in political power could mark return to economic orthodoxy

  • Monday, 15 May, 2023
    Turkish default protection costs soar as Erdoğan leads presidential vote

    Cost of credit default swaps records biggest rise in two years, while bonds sell off

  • Tuesday, 9 May, 2023
    Turkey
    Erdoğan hands pay rise to 700,000 public workers ahead of Turkish vote

    President says he would ‘not let anyone be crushed by inflation’

  • Tuesday, 9 May, 2023
    ObituaryKemal Derviş
    Kemal Derviş, economist, 1949-2023

    He was the architect of IMF-backed progress subsequently reversed by Erdoğan

  • Tuesday, 9 May, 2023
    FT CollectionsTurkish general election 2023
    Erdoğan faces his greatest electoral challenge yet

    After 21 years in power, the president is in a tight contest with a united opposition determined to change the course of the nation

  • Sunday, 7 May, 2023
    News in-depth
    Investors warn Turkish economy in for ‘tough period’ regardless of who wins election

    Winning back credibility with foreign fund managers will be ‘grotesquely difficult’ 

  • Wednesday, 12 April, 2023
    FT CollectionsTurkish general election 2023
    ‘They’ve screwed the economy’: Turkey’s heartland voters tire of Erdoğan

    Faith in the veteran leader is dwindling but does not necessarily translate into support for the opposition

  • Tuesday, 4 April, 2023
    Gönül Tol
    Erdoğan’s authoritarian bargain collapses in Turkey

    Next month’s elections offer a chance for the united democratic opposition but victory will not be easy

  • Wednesday, 29 March, 2023
    FT CollectionsTurkish general election 2023
    Erdoğan to slash Turkey’s energy bills ahead of tough election

    Government seeks to win favour among voters by reducing costs for consumers and businesses

  • Monday, 13 March, 2023
    Turkey’s current account deficit hits highest level since records began

    President’s economic stewardship under increasing scrutiny ahead of May general election

  • Thursday, 9 March, 2023
    Turkey raises $2.25bn in first bond deal since earthquake

    Tens of billions of dollars needed to rebuild homes, hospitals and schools after February disaster

  • Tuesday, 28 February, 2023
    Turkish economy’s growth driven by strong consumer spending

    Rise in GDP last year underlines how President Recep Tayyip Erdoğan prioritises growth over fighting inflation

  • Thursday, 23 February, 2023
    Turkey cuts interest rates in effort to boost economy following earthquake

    Reduction is latest in series of big rate cuts ahead of general election

  • Wednesday, 22 February, 2023
    Turkey offers support to quake-hit businesses in southern region

    Presidential decree bars workplaces damaged by the natural disaster from dismissing staff

  • Wednesday, 15 February, 2023
    Turkish stocks leap as market support efforts bear fruit

    Istanbul’s main index rises almost 10% after reopening from post-earthquake suspension

  • Tuesday, 14 February, 2023
    Turkey leans on pension funds to prop up stock market

    Order to boost equity holdings comes as market prepares to reopen after earthquake triggered sell-off

  • Friday, 10 February, 2023
    The FT ViewThe editorial board
    Turkey and Syria face tragedy once more

    The countries confront different challenges in responding to Monday’s huge earthquake

  • Wednesday, 8 February, 2023
    Turkey stock market closes for five days after earthquake triggers sell-off

    Borsa Istanbul will cancel Wednesday’s trades after 7 per cent slump

  • Thursday, 26 January, 2023
    Turkey unveils foreign currency scheme to prop up lira

    President Recep Tayyip Erdoğan under pressure to turn around the economy ahead of a general election set for May

  • Tuesday, 3 January, 2023
    Turkish inflation falls more than expected on lower fuel costs

    Annual figure drops to 64.3% in December, a sharp decrease from record levels of around 85% in previous 2 months

  • Monday, 2 January, 2023
    Turkish exports hit record high in 2022

    Cheap lira and closer ties with Russia boost trade, aiding Erdoğan’s re-election hopes

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