More pressure on Erdogan as Turkey’s economy deteriorates
A major factor in pushing Turkish President Erdogan’s government towards rapprochement with Russia rarely gets discussed. This is the rapidly deteriorating state of the Turkish economy.
At a superficial level this deterioration is reflected in the performance of Turkey’s currency, the lira. It lost 17% of its value in 2016, and a further 12% of its value in January of this year.
