Mustafa Sonmez

Boards showing the currency exchange rates of the US dollar and the euro against Turkish lira are seen at a currency exchange office in Istanbul, Turkey, Jan. 11, 2017.  (photo by REUTERS/Murad Sezer)

Most Recent Story

Turkey's AKP scrambles to curb economic woes until referendum

Friday, Jan. 20, 2017 | Mustafa Sonmez, Contributor

Turkey’s government has mobilized public funds to avert a full-blown economic crisis ahead of a critical referendum on transition to a presidential system, expected in early spring.

How Ankara is using taxes to target boozers

Wednesday, Jan. 11, 2017 | Mustafa Sonmez, Contributor

Staggering tax hikes on alcoholic beverages have made Turkey’s national drink, raki, a luxury beyond the reach of many ordinary Turks.

Why 2017 doesn’t bode well for Turkey's economy

Wednesday, Jan. 4, 2017 | Mustafa Sonmez, Contributor

Official figures show the Turkish economy has plunged deeper into recession, as expected fourth-quarter economic numbers may not provide much hope.

Will Turkey's economic crisis doom presidential system?

Wednesday, Dec. 28, 2016 | Mustafa Sonmez, Contributor

Turkey seems to be on the cusp of a stormy 2017, as a failing economy and the drive for a presidential regime threaten to increase its already high economic and political risks.

How Turkey used math to drastically boost its economy

Tuesday, Dec. 20, 2016 | Mustafa Sonmez, Contributor

A 20% upward revision in the size of the Turkish economy will notably improve the country’s economic profile on paper, but not without controversy over the new calculation method and the discrepancies it created.

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Mustafa Sonmez

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Mustafa Sonmez is a Turkish economist and writer. He has worked as an economic commentator and editor for more than 30 years and authored some 30 books on the Turkish economy, media and the Kurdish question.

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