Reasons for the Turkish crisis and future forecasts

  • Julia Dobreva VUZF University
Keywords: Turkish crisis, interest rates, deficit, current account.


The downfall of the Turkish national currency is a process that has been going since August 2016. The reasons for the devaluation of the Turkish lira are the growing of the current account deficit, the accumulation of foreign debt as well as the authoritarian rule of the president Regep Paiyp Erdogan. Despite this, it is evident that the sudden downfall has political rather than economic reasons and it is influenced by the positions of the two leaders – Donald Trump and Regep Erdogan.

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How to Cite
Dobreva, J. (2018). Reasons for the Turkish crisis and future forecasts. VUZF Review, (3), 30-33. Retrieved from

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