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Turkey in Deep Trouble as Crisis Accelerates, Inflation Soars, Lira Crashes & Interest Rates Hit 50% - Joe Blogs [View all]
Following his election win in May 2023 President Erdogan appointed a new Head of the Turkish Central Bank who decided to change the Economic Policy. Over the past 9 months Interest Rates have been increased to 50% however rather than reducing inflation it has actually caused inflation to rise to a 16 month high of 69.8% and also caused the Lira to CRASH. In this video I provide more details on the current situation, discuss WHY the new policy has not worked and look at the outlook for the Turkish Economy.
Chapters:
0:00 Intro
2:59 INTEREST RATES
6:57 INFLATION
8:58 FOOD INFLATION
11:46 BALANCE OF TRADE
13:42 COAL
17:37 INVESTMENT DEALS
19:39 SMUGGLER
21:58 SUMMARY & CONCLUSION
1 replies
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= new reply since forum marked as read