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Turkey city Istanbul President pandemic Turkey city Istanbul

Turkey is still normalizing

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www.hurriyetdailynews.com

Turkey from abroad these days, one might be interested in various data points. The exchange rate, the interest rate and the various up-and-down ticks of the Borsa Istanbul index.

One may also look at dotted lines in the Aegean and dotted lines on paper that are being negotiated or renegotiated. Those things are surely important, but I submit to you one data point that captures something far deeper than any of that: The fertility rate.

Turkey recently announced its revised average rate of births per woman. As of 2019, the fertility rate dropped sharply from 2.069 babies per woman to 1.88.

That’s the kind of thing I have in mind when I am telling my foreign friends to take a longer view on Turkey. Look at the grand normalization process.

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