Turkey's economy is facing significant challenges, including a recession and extremely high inflation. The country's reported GDP fell by 0.2% in the two most recent quarters, officially placing Turkey in a recession. Inflation, while showing signs of slowing, remains stubbornly high at over 47%, significantly impacting purchasing power and potentially destabilizing the economy. Factors such as the weak Turkish lira, the need to import large quantities of fuel and food, and a high level of dollarization contribute to the ongoing economic struggle. The Turkish central bank is targeting 25% inflation by the end of 2025, but the current situation suggests significant challenges in achieving this goal and restoring economic stability.