With official figures released earlier this month confirming that the Turkish economy had experienced its sharpest reversal in a decade and entered a technical recession, the CSIS Turkey Project analyzes what this means in terms of the country’s economic future.

Talks with the European Union are beginning, but it is hard to see any short-term agreement. 

Let’s hope the administration understands the limits of its high-risk tactics and is closely monitoring the potential for spillovers. Vulnerable economies may not be the only ones disciplined by financial markets.

The dilemma for the government, which has relied on continued economic success to buttress its support, will be to “maintain this growth rate with determination in 2018 without regressing,” as Erdogan reaffirmed on January 19.

The Turkish Central Bank (CBRT) announced on December 14 its much-anticipated decision on interest rates by increasing the late liquidity window lending rate from 12.25 percent to 12.75 percent, while keeping overnight lending and one-week repo rates at 9.25 percent and 8...

If decades of torrid growth have been the opening scene on Asia’s economic stage, the region’s reconnecting—through new roads, railways, and other infrastructure—could be the next act.

On February 11 the Central Bank of Turkey (TCMB) released its balance of payment figures through December 2015, thus providing a clearer picture of how developments in the global economy as well as in domestic politics impacted the Turkish economy last year.

On February 11 the Central Bank of Turkey (TCMB) released its balance of payment figures through December 2015, thus providing a clearer picture of how developments in the global economy as well as in domestic politics impacted the Turkish economy last...