Iftar

062 Iftar diplomacy summer 2016

The always vibrant city of Istanbul calms around sunset during Ramadan. A golden glow covers the city, pleasantly few cars on the road, the ferries are out of sight, and the Bosporus has become unruffled. Traditional Sufi or Turkish music plays, and the city is waiting for the firing of the Ramadan cannon. And then […]

2016

055 The Turkish economy: what will happen in 2016?

The future is the most difficult part of forecasting. An old joke, true as ever, especially in Turkey. Herewith an overview of some macro-economic developments in 2015 and my (partly) personal predictions for 2016. And some observations on the structural road ahead. Summary/base scenario: Turkey is set to become one of the five largest economies […]