Konjunktur, Weltwirtschaft

The Turkish Economy after the Global Economic Crisis

20.05.2010 | HWWI Policy Paper | von Secil Pacaci Elitok, Thomas Straubhaar

The Turkish economy has gone thru a fast and strong change in recent years. Three dimensions are of special significance:

  • 1. Firstly, the Turkish economy has grown very quickly, with three severe recessions in 1994, 2000/1 and 2009.
  • 2. Secondly, it has opened up rapidly but is still not that open as other economies with a similar level of development.
  • 3. Thirdly, private business has increased but state enterprises or publicly owned and run firms are still important.