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The Post-Referendum Turkish Economy: How to Write the New Chapter

What Happened to the GDP Data of Turkey? The National Accounts of Turkey have been recently revised by the Turkish Statistical Institute, resulting in remarkable updates on the Gross Domestic Product (GDP) series.

Turkey has left its constitutional referendum behind, along with the associated political uncertainties. In fact, not only the referendum but also certain earlier developments including the parliamentary elections in 2015 and the failed coup attempt in 2016 caused the country to deal with uncertainties for a considerable period of time. As a result, the governments […]

Based on this revision, the Turkish economy seems to have painted a rosy picture in the post-crisis period until 2015. While the real GDP growth rate has become 7.4 percent […]

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