Teneo's Piccoli: Politically Turkey Is Doomed

The transcript discusses Turkey's political and economic instability, highlighting the failed coup, constitutional changes, and economic challenges. It examines the lack of substantial reforms, the impact of external economic factors, and the vulnerability of Turkey's economy. The discussion also covers Erdogan's increasing power, potential extremism, and the economic outlook for 2017, emphasizing the challenges posed by external factors and the limited ability of the Turkish government to implement reforms.

What was one of the main political issues Turkey faced in 2017?

• Successful economic reforms

• Failed coup and constitutional changes

• Improved relations with neighboring countries

• Decrease in unemployment rates

How does Turkey's economic situation compare to countries with strong macroeconomic policies?

• Turkey is unaffected by external uncertainties

• Turkey is more resilient

• Turkey is equally resilient

• Turkey is less resilient

What external factor is likely to worsen Turkey's economic situation?

• Decrease in oil prices

• Strengthening of the dollar

• Increase in foreign investments

• Improvement in global trade

What is a potential consequence of Erdogan gaining more power?

• Improvement in international relations

• Increase in political extremism

• Decrease in political extremism

• Stabilization of the economy

What is a likely political cost of central bank actions in Turkey?

• Increased political stability

• Decreased political influence

• Political backlash

• Improved economic conditions