Nearly a year after currency crisis, unemployed Turks still 'can't dream' by Ezgi Erkoyun alikucukgocmen
ISTANBUL - Murat Abi found employment in construction after moving to Istanbul from eastern Turkey four years ago, including at the city’s new airport, which the government heralded as a pillar of the country’s economic might.
Growing disenchantment among voters with President Tayyip Erdogan’s handling of the economy has resulted in recent painful election setbacks for his AK Party in the country’s biggest cities, including a stinging loss in Istanbul’s mayoral election on Sunday. But many economists aren’t as optimistic. While Ankara says it expects 3.5 percent economic growth next year, the Organisation for Economic Cooperation and Development forecasts 1.6 percent growth.
As of March, official data showed that nearly 21% of unemployed Turks had searched for a job for a year or more.Turkey’s construction sector – a major driver of the economic boom during much of Erdogan’s 16-year rule – has been particularly hard hit. Housing demand and the number of government projects has shrunk while costs have soared for raw materials like iron, concrete and cement.
Selcuk Armagan Aslan, 36 years, sold phones and televisions most of his working life but lost his job five months ago. Aslan said as the lira hit a record low of 7.24 against the dollar in August, his employer struggled to cover the costs of imported digital products, and sales fell sharply.
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