https://www.scmp.com/rss/508474/feed Selva Demiralp, professor of economics and chair of economic research at Koç University, is director of the Koç University-TUSIAD economic research forum. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com No one should be surprised by Turkey’s recent economic and financial woes. The country’s triple crisis (currency, banking and sovereign debt) has been unfolding for years. Whether this economic turmoil will incite political turmoil is now a widely debated question. Prolonged high inflation and widening deficits were stalking the Turkish economy even before the Covid-19 pandemic hit. For over a decade, inflation expectations have exceeded the 5 per cent target by more than half. And the Turkish... https://www.scmp.com/comment/opinion/article/3116590/how-pandemic-and-dollarisation-have-deepened-turkeys-economic?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3116590/how-pandemic-and-dollarisation-have-deepened-turkeys-economic?utm_source=rss_feed Wed, 06 Jan 2021 10:45:11 +0000