Will Türkiye's Economy Survive The Inflation Crisis

Visionomics
Visionomics
1.2 هزار بار بازدید - 6 ماه پیش - As you're likely aware, Turkey
As you're likely aware, Turkey finds itself entrenched in an enduring economic crisis, largely attributed to President Erdogan's unconventional monetary policies. The continuous depreciation of the lira, sparking inflation, and driving Turkey towards financial turmoil have been persistent challenges.
But Erdogan's victory in the May presidential contest offered some hope for the Turkish economy. A wave of expectation was ushered in when Erdogan quickly chose a new governor of the Central Bank and Finance Minister. They quickly turned to raising interest rates in an attempt to get the economy moving again. Unfortunately, though, many were disappointed that their actions did not produce the desired effects. Inflation increased from 38% in June to a startling 65% in October, while the lira fell to a depressing low of just 27 versus the US dollar.
So, in today's video, Let's explore the causes of Turkey's financial crisis, analyse the drawbacks of the interest rate increases, and consider what that means for Erdogan's chances in the approaching municipal elections. Come along as we explore the reasons for Turkey's economic missteps and how these issues could affect Erdogan's future in politics.

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#economy #türkiye #recession
6 ماه پیش در تاریخ 1402/10/24 منتشر شده است.
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