Skip to main content

Turkey’s economic crisis coincides with new diplomatic initiatives

Finding solutions: Turkey and the UN are pursuing diplomacy to end Ukraine war while Ankara is considering rapprochement with Syria and mending ties with Israel.
Erdogan and Zelenskyy

As economy struggles, Erdogan pursues foreign-policy achievements 

Turkey’s economy remains in a bad place. Just how bad? The country again lowered interest rates despite inflation reaching surging to an annualized 79% in July, Adam Lucente reports.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.