Is Turkey’s economy heading towards another recession? | Counting the Cost

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  • Al Jazeera English published this video item, entitled “Is Turkey’s economy heading towards another recession? | Counting the Cost” – below is their description.

    Turkey’s economy grew almost 6 percent in 2020, making it one of the two countries in the G20 to record growth in a pandemic-hit year.

    But debts are soaring, inflation is rising, and the currency is near record lows, raising concerns about President Recep Tayyip Erdogan’s economic stewardship.

    We talk to Renaissance Capital’s chief economist Charlie Robertson, who predicts that a crash is just around the corner.

    Plus, a resource-rich Mozambique is facing an armed uprising. Jasmine Opperman, an Africa business risk and security analyst, tells us why.

    And, Leigh Day partner Oliver Holland discusses a court victory for Asia’s shipbreakers.

    Al Jazeera English YouTube Channel

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    In This Story: Mozambique

    Mozambique is a southern African nation whose long Indian Ocean coastline is dotted with popular beaches like Tofo, as well as offshore marine parks. In the Quirimbas Archipelago, a 250km stretch of coral islands, mangrove-covered Ibo Island has colonial-era ruins surviving from a period of Portuguese rule. The Bazaruto Archipelago farther south has reefs which protect rare marine life including dugongs. 

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    Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

    Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

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