Episode 20-Turkey’s Economic Shift: Crisis or Comeback?

Majlis & Markets

Since the May 2023 Presidential elections, Turkey's economic policy has changed significantly. Mehmet Şimşek, now the finance minister, signals a return to orthodox economic policymaking. This includes raising interest rates and implementing key reforms.
However, challenges persist with a weak currency, high inflation, and declining FDI. The March 2024 local elections marked a critical moment as Erdogan and the AKP suffered a major defeat.
In our 20th episode, we spoke with Serhat Süha Çubukçuoğlu from TRENDS Research and Advisory, an Abu-Dhabi based geopolitical advisory firm based
In this episode, we covered several topics including:

• Look at Turkey's economic reforms since 2023 Presidential elections
• Examining the rapprochement with Gulf countries like the UAE and Saudi Arabia
• Turkey's FDI landscape and the challenges in attracting capital

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Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

Chapters

1. Episode 20-Turkey’s Economic Shift: Crisis or Comeback? (00:00:00)

2. Monologue intro (00:00:57)

3. Serhat's background (00:02:41)

4. Economic and foreign policy until May 2023 (00:08:00)

5. Shifting economic policymaking (00:14:54)

6. Appointment of new economic team (00:20:08)

7. Currency troubles (00:24:47)

8. Failure of Erdoganomics (00:28:27)

9. Why shifting now? (00:32:59)

10. Foreign policy shifts (00:35:30)

11. Gulf investments in Turkey (00:41:55)

12. Foreign direct investment (00:44:48)

13. Data protection reform (00:49:54)

14. 2024 March local elections (00:52:14)

15. Turkish economy going forward (00:55:06)

16. Current and upcoming projects (00:56:47)

17. Social media accounts (00:58:29)