Question

What trend has taken place in the Turkish economy in the past few decades

Answer 1

During the 1990s and 2000s, Turkish GDP grew at a significant rate, hovering most years around 3 to 4 percent, but reaching rates of over 5% GDP growth in several of these years.

In the 2010s however, growth has slowed down. Many factors are to account for this, like the effects of the 2007-2008 Great Recession, the effects of the European Sovereign debt crisis, which greatly affected neighbor and trade partner Greece, and some sanctions that the Turkish Government has suffered in recent years.