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The economy began to open up in the 1980s but Turkey’s economy suffered from a series of coalition governments with weak economic policies in the 90’s, leading to erratic success and failure phases, creating banking and economic crisis’s and economic recession. In the last decade plus, Turkey's economy has improved significantly with a nod in the direction of improved monetary and economic policies and reforms. From 2002 to 2005, Turkey's economy grew an average of 7.5% per year; one of the fastest rates of growth in the world. Government debt has lessened to manageable levels while business as well as purchaser assurance has returned and continued reforms which include stringent economic policy, are detrimental to maintain expansion along with stability...
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