By TRT World: When it comes to the economy – 2018 was a year Turkey would likely rather forget. Inflation hit a 15-year high during the year, and a diplomatic spat with the United States sent the Turkish lira spiraling to a record low against the dollar.
The government has reassured the public, saying its initiatives and reforms will usher in a new year of stability for the country’s finances. In part that will be fueled by a strong export sector, which rose by more than 7 per cent last year and that growth is expected to continue in 2019. But some economists are still wary. Unemployment and inflation rates are still worryingly high, and the current account deficit sits well above 30 billion dollars.
Guest: Hatice Karahan, Senior advisor to Turkish President Recep Tayyip Erdogan
Who is Dr Karahan? She received her B.A. and M.A. from Boğaziçi University in Business Administration and Economics, respectively. Ms. Karahan completed her doctorate at Syracuse University, New York in 2006 where she conducted research at the Center for Policy Research and taught courses in economics. She also taught doctoral courses at Bilgi University on a part-time basis. She was an advisor for TUBITAK (The Scientific and Technical Research Council of Turkey) in 2012-2015. Presently, she heads the Department of Economics and Finance of the Istanbul Medipol University. Karahan has specialization in Macroeconomics, and serves as an advisor for TIM (Turkish Assembly of Exporters) and carries out research in economics at SETA (Foundation for Political, Social and Economic Research) and writes columns on economics at the Yeni Şafak Newspaper.