066 What will the economy bring Turkey in 2017 (and 2018)?

“A predicted economic crisis always comes later than expected, but when it finally arrives it will happen much faster than anticipated” Introduction Predicting the direction of the Turkish economy in the coming few years is not an easy task. Turkey is a multi-layered country on the crossroads of three continents, finding itself not only in […]

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 […]

Tourism

046. Tourism in Turkey: more than meets the eye

We ourselves are tourist. Discovering the world is in our DNA.  Sometimes we just wish to be away from it all, leaving one’s home country and enjoy the country of one’s (distant) neighbour. Last year, travel and tourism directly and indirectly contributed to almost 10% of the worldwide GDP, employing over 260 million people. These […]