Tuesday, June 18, 2013

Demystifying the Turkish Economic Success under AKP Governance

Turkey has achieved economic growth and stability under AKP governance - in terms of GDP, GDP per capita, Inflation and Foreign Direct Investment. Having said that it is important to put this growth and success into perspective. 

I have prepared a report in order to :
1. Compare this growth to the growth achieved by previous Turkish governments
2. Benchmark Turkey's economic performance to other comparable countries

Key Messages of the report:
1. AKP-led government has achieved economic growth and stability
2. AKP-led government has not outperformed past Turkish governments in terms of key indicators
3. AKP-led government has performed on-par with the developing world in terms of key indicators, however has not outperformed it. Stable economic growth can be observed across the world - especially at developing countries - since 2002
4. Turkish economy's external debt has increased from USD 130bn in 2002 to USD 307bn in 2011 under AKP governance - even though IMF debt has decreased



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