Turkey 's economy , once hailed as a miracle , is slowing down and its currency is talking a beating . The country 's central bank doubled the interest rates to prevent foreign capital outflows . This has caused inflation to rise from about 10 % in 2012 to over 20 % today.
Turkey 's economy , once hailed as a miracle , is slowing down and its currency is talking a beating . The country 's central bank doubled the interest rates to prevent foreign capital outflows . The IMF has warned Turkish economy is not sustainable and remains vulnerable to external dangers .