The weakening trend of Turkish lira against the US dollar and euro has been the biggest indicator of Turkey’s fragile economy. Country’s high inflation and current account deficit, as well as an escalation in its geopolitical risks, have played a key role in pushing down the lira’s value.
The AKP government, in this process, have acted before the public as if nothing serious is happening.
With the upcoming presidential and parliamentary elections, the most influential opposition parties and leaders are talking about an economic restoration but have no concrete programs about how to implement economic reforms.
The bourgeois order is not able to generate a solid reform because the crisis is structural rather than being a result of the government’s lack of knowledge in economic theory.
