Erdogan sparks fears for Turkish economy with unorthodox views

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Turkish Prime Minister Recep Tayyip Erdogan has become embroiled in a sometimes farcical row with the central bankConcerns are growing over the health of the Turkish economy, long seen as a star performer among emerging markets, partly due to unorthodox statements by President Recep Tayyip Erdogan on economic policy that have rattled investors. Turkey’s economic success of the past decade has been one of the pillars of the undefeated electoral success of Erdogan and his Justice and Development Party (AKP), with robust foreign investment and solid growth rates. Moreover, Erdogan has become embroiled in a sometimes farcical row with the central bank, repeatedly telling the nominally independent institution in ever more heated terms to aggressively cut interest rates despite plus seven percent inflation.