Turkey's economy has largely had a good run under the leadership of President Recep Tayyip Erdogan's Justice and Development Party (AKP), which came to power in 2002. Following the country's currency crisis in 2001, the AKP faithfully implemented and successfully completed two successive International Monetary Fund (IMF) programs between 2002 and 2008, which saw stable and, by Turkish standards, low inflation. Economic growth averaged more than 7% during this time, and has averaged more than 5% annually over the past two decades — putting Turkey in the category of high-growth emerging economies, comparable with Asia's top performers. In the past few years, however, the country's continued strong growth was accompanied by high and increasing inflation and a deterioration of Turkey's international financial position.