Turkey 's economy , once hailed as a success , is slowing down and its currency is talking a beating . Foreign investors have been watching Erdogan 's steps closely and to them , the result of this weekend 's local election could be an indication of where the country 's economy moves next . The country 's central bank raises the interest rates to prevent foreign capital investment . The government has said Turkish economy is not sustainable and is vulnerable to external dangers .
Turkey 's economy , once hailed as a success , is slowing down and its currency is talking a beating . The country 's central bank raises the interest rates to prevent foreign capital investment . The government has said Turkish economy is not sustainable and is vulnerable to external dangers .