The Turkish Economy refers to the economic system and financial activities of Turkey, a country located at the crossroads of Europe and Asia. It encompasses the production, consumption, and distribution of goods and services within the nation. The Turkish Economy is characterized by a diverse industrial base, including sectors such as manufacturing, agriculture, tourism, and services.
Key features include a mix of modern industry and commerce alongside traditional agriculture. The economy has undergone significant transformation and liberalization since the 1980s, moving from a primarily state-controlled system to a more market-oriented framework.
Notable aspects of the Turkish Economy include its strategic position for trade due to its geography, a large and young population, and a rapidly growing labor force. It is also influenced by factors such as government policies, foreign investment, and global economic trends.
However, the Turkish Economy faces various challenges, including inflation, currency fluctuations, and political instability, which can affect growth and stability. Overall, it plays a critical role in the regional and global economy, reflecting a complex interplay of internal dynamics and external influences.
Turkey's Central Bank has revised inflation forecasts downward, projecting a gentler 28.04% increase by the end of 2025, providing cautious optimism in economic conditions. Economic growth outlook has improved slightly,…