The Turkish economy refers to the economic system and activities of Turkey, characterized by a mix of modern industry and commerce along with traditional agriculture. It is classified as an emerging market economy, influenced by a variety of factors including geographical location, demographics, and natural resources. Key sectors include manufacturing, automotive, textiles, electronics, and agriculture, with significant contributions from tourism and service industries. The Turkish economy has experienced periods of rapid growth as well as challenges such as inflation, currency volatility, and geopolitical tensions. Over time, Turkey has sought to diversify its economy and increase foreign investments. The government implements various policies to foster economic stability and growth, while also addressing structural issues within the economy. Overall, the Turkish economy is recognized for its resilience and potential for further development on the global stage.
**Turkey is set to break new ground in renewable energy as Polat Energy teams up with Rolls-Royce.** This ambitious partnership aims to establish the nation's largest battery energy storage system,…