Recep Tayyip Erdogan: 5 ways he has shaped Turkey

Turkish Prime Minister Recep Tayyip Erdogan was swept into office for a third term Sunday when his party won 50 percent of the vote in parliamentary elections.

By , Staff writer

Economic progress

Under Erdogan, Turkey’s economic output per capita has tripled and the country has made a strong bid for joining the European Union. His pro-business agenda brought Turkey through the global financial crisis unscathed. In 2010, it had one of the world’s top growth rates.

Inflation is at a historic low as are interest rates, and Turkey’s low budget deficit puts many EU states to shame. It is the sixteenth-largest economy in the world, and aims to be in the top 10 by 2023.

But Turkey still faces some economic challenges, including obtaining a credit rating that will encourage investment, Bloomberg reports.

3 of 5

Read Comments

View reader comments | Comment on this story

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...