Will Turkey’s economic crisis doom presidential system?(Al-Monitor, December 28,2016)
Summary: Turkey seems to be on the cusp of a stormy 2017, as a failing…
Turkey’s ailing economy, hit by the COVID-19 pandemic atop severe currency woes since 2018, is now facing economic reprisals by Arab countries incensed with Ankara’s policies in the Middle East. Saudi Arabia has already started an undeclared boycott of Turkish goods, according to Turkish exporters, amid rising Arab calls for economic retaliation against Turkey.
Egypt has been at the forefront of efforts to create a united Arab stance against Turkey, most recently at the Sept. 9 meeting of the Arab League. Whether Arab nations can mount an efficient joint action against Turkey is a question on its own, but the Turkish economy today is too vulnerable to dismiss or absorb large-scale reprisals.