Under Erdogan, Turkey鈥檚 economic output per capita has tripled and the country has made a strong bid for joining the European Union. His pro-business agenda brought Turkey through the global financial crisis unscathed. In 2010, it had one of the world鈥檚 top growth rates.
Inflation is at a historic low as are interest rates, and Turkey鈥檚 low budget deficit puts many EU states to shame. It is the , and aims to be in the top 10 by 2023.
But Turkey still faces some economic challenges, i Bloomberg reports.