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Turkey’s economy must embrace its remaining key anchors

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For sure, Turkey has been at a historic turning point. Following a fairly tough year, which was full of bomb attacks, a coup attempt and a series of state of emergencies, a key referendum was held on April 16. These have all had an impact on the economy as well. The country has no choice other than to strengthen the few anchors which are left in its hands to maintain the economy.

Before proceeding into these economic details, let’s briefly turn our attention to the referendum results. Some 51.4 percent of the more than 58 million Turkish voters said “yes” to the charter amendment package, while the remaining 48.6 said “no.” A total of 13 big cities, including the largest three and accounting for more than 60 percent of Turkey’s GDP, said “no.”

The referendum results and the planned executive presidential system seem to have........

© Hürriyet Daily News