Roughly two weeks after the constitutional referendum in Turkey, SITE Assistant professor Erik Meyersson was asked to comment on the country’s future economic development in Ekonomiekot on Swedish public radio. Following a strengthening of the still weak Turkish lira and increases on the Borsa İstanbul in the weeks after the referendum, Meyersson believes the effects of the result are more likely to be negative in the longer term.

”It’s hard to see that [the referendum result] would lead to any increased stability, neither economically nor politically.” Through its high unemployment rates and high inflation, the country is currently experiencing stagflation. To combat this situation, higher workforce participation rates of women are needed. “This is one of the big stumbling blocks for Turkey to grow faster in the future” – says Erik Meyersson.

For the full interview (in Swedish) go to Sveriges Radio (click here).