Publications /
Policy Brief

Back
2021-2022 : années vérité de l'économie turque
August 3, 2021

Cette étude concerne l'économie de la Turquie entre 1960 et 2020. Sur cette longue période, deux indicateurs ont été privilégiés : le taux de croissance et le taux d'inflation, analysant leur évolution, mettant en évidence un « avant Erdogan » et un « après Erdogan ».
Un « avant Erdogan », entre 1960 et 2003 tout d'abord. Entre 1960 et 2003, les taux de croissance et les taux d'inflation sont très irréguliers, parfois négatifs pour le taux de croissance, mais pouvant aussi dépasser 100% pour le taux d'inflation. Un « après Erdogan », à partir de 2003 comme Premier ministre, puis à partir de 2014 comme président de la république. Cette période est marquée par une amélioration spectaculaire de l'économie du pays jusqu'en 2017, avec des taux de croissance plus réguliers, souvent compris entre 8 et 10%, et des taux d'inflation inférieurs en moyenne à 10%. A partir de 2018, la situation se dégrade dans le domaine de l'inflation, mais la croissance reste positive, malgré la pandémie de la Covid-19 » (I).
La seconde partie de l'étude est consacrée à l'économie turque sous la présidence Erdogan. Elle concerne, donc, l'économie turque à partir de 2014. Outre l'évolution du taux de croissance et du taux d'inflation, sont analysés l'évolution du taux de chômage, du taux d'endettement, du déficit budgétaire et du solde des comptes courants du pays sur la période. Leur analyse confirme globalement la tendance générale constatée à partir de 2013, mais mettent en évidence aussi une situation qui commence à se dégrader dès 2018, avant la pandémie, pour montrer ensuite une résilience certaine à la crise (II).
Cette période rappelle aussi que si la croissance est une condition nécessaire au développement, elle n'en est pas pour autant une condition suffisante. Dans le cadre de l'économie turque, cette croissance est le fait d'une politique totalement assumée du président Erdogan, celle de la faire reposer sur un soutien à l'économie à partir d'un crédit bon marché, quelles qu'en soient les conséquences sur l'inflation, l'emploi et le cours de la monnaie nationale. 2021 et 2022 vont être les années vérité de l'économie turque.

RELATED CONTENT

  • Authors
    Samuel Arnaud
    October 28, 2019
    Africa, as a continent of economic opportunities, is attracting foreign players. In this context, India is emerging as an important partner, especially for Eastern and Southern Africa. The complexity of its geopolitical environment combined with internal specificities motivated the revival of interest for the continent. This paper draws on historical developments between India and African countries to provide the state of play of recent linkages. Those trends are better perceived th ...
  • October 3, 2019
    There is no doubt that China's 70th Anniversary celebration was the display of a new world superpower. From the military parade to the issuance of a paper reporting China's role in the New Era, it is clear that the country, whose current political system was established on 1 October 1949, is much different, more assertive and with a clear perspective of the role it wants to play in the international scenario. Everywhere in Beijing, the Chinese National Anthem was played, reminding t ...
  • Authors
    September 30, 2019
    Despite some short-term benefits, trade deviation to the region shouldn’t be expected to last. Has the U.S. trade war with China been good for Latin America? An increase in Chinese demand for primary products from the region, as well as recent news of production transfers from China to Mexico, might give the impression that it has. But any positive short-term effects of the confrontation should also take into account its negative medium- and long-term impacts on the region and on gl ...
  • Authors
    Elhadj EZZAHID
    July 19, 2019
    Les recherches sur les sources de croissance de long terme des économies montrent qu’elle dépend plus de la croissance de la productivité que de la croissance des volumes des inputs accumulés. Au Maroc, les résultats disponibles fournissent des évidences sur le rythme très lent de la croissance de la productivité mesurée par la PTF ou le rapport production-travail. Des simulations montrent que seule une augmentation de la PTF permettra d’atteindre une croissance suffisamment élevée. ...
  • Authors
    Matheus Cavallari
    Tiago Ribeiro dos Santos
    July 19, 2019
    Multilateral Development Banks (MDBs) have two financing windows, with different terms, dedicated to low- and middle-income countries. Countries are presumed to cross those windows as their income per capita rises, with middle-income countries (MICs) eventually “graduating” to a non-client status once they reach some criteria. However, due to what may be called “middle-income traps”, such progression toward graduation has been limited to a small number of countries. ...
  • June 17, 2019
    There is no doubt that the ascension of China, which is at the centre of the global debate, is the most relevant fact of the 21st century. A rising power with many vulnerabilities, yet a clear understanding of what they are and with the willingness to actively reduce them to a minimum, manageable level. China has managed to become, after all, the second largest economy in the world, with outstanding economic performance. Globalisation has brought China from the periphery into the co ...
  • Authors
    June 3, 2019
    In a recent brief, titled” The Crisis in World Trade”, my co-authors and I conclude that whether we still have a rules-based system a few years from now depends on the answer to three questions: Can the WTO be revitalized? Is protectionism in the United States a temporary aberration? Will China reform and fit the liberal economic order? If the answer to these three questions is yes, the system will likely endure. If the answer is no, we will return to the power based non system that ...
  • Authors
    May 22, 2019
    The trade tensions between the United States and China will cause only minor immediate damage to their giant economies. However, tariffs have important and diverse effects on individual sectors and cause heightened uncertainty. The main adverse effects on Sub-Saharan Africa will therefore be through global investor confidence, economic growth and commodity prices, and these effects could be severe if the dispute escalates further and endangers the rules-based trading system. The tra ...
  • May 8, 2019
    Reform and Opening-up profoundly altered the face of China. From an agricultural backwards country, which had suffered humiliation by Western powers and Japan in the 19thand early 20th century, to the largest economy in the world in Purchasing Power Parity terms, the Chinese saga for reinsertion into the global scene is not a miracle. It is the result of hard work, visionary leadership and the wise use of its most widely available commodity: its hard-working people. Of course, there ...
  • Authors
    March 14, 2019
    China's push for Latin American consumers reflects changes back home. Chinese financing in Latin America is changing. After becoming a major source of capital flows to Latin America and the Caribbean over the past 15 years, a more diverse range of investors has surfaced, interested in channeling resources towards infrastructure, governments and state companies. The profile of the Chinese investment in the region tracks the evolution of China’s economy as it moves toward a higher r ...