Analysis of the Structural Effects of the 2008 Global Crisis on the Turkey Economy

It can be said that the global crisis that started in 2007 and spread rapidly in the world affected all countries deeply and changed almost all balances. The 2008 crisis is quite different from other crises, including the big crisis in 1929. The 2008 global crisis differs from other crises due to its scale and its global impact.

The crisis, which started in the United States in 2008, has spread rapidly to all countries of the world. Loans given to lowincome individuals with a high risk of non-reimbursement have prepared the ground for this crisis. Investment and financial institutions went bankrupt due to the failure to repay loans. With these bankruptcies, the crisis deepened and gained a global dimension. Although the crisis first appeared as a mortgage crisis, it has turned into a liquidity crisis over time. With the progress of the crisis, many sectors have affected.