In this video I review the Trade Figures for January for Turkey. President Erdogan recently announced that Turkey intends to significantly increase its exports and that this will fuel the Turkish Economy. However the results for January show that whilst Exports rose 17% Imports increased by 55% resulting in a 240% INCREASE in the Trade Deficit to $10.4 BILLION. This Trade Deficit is adding more pressure to the Foreign Currency Reserves which were already dangerously low.

For more details check out the list of Chapters below.

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Chapters:
0:00 Intro
1:32 JANUARY TRADE
3:29 IMPORTS & EXPORTS
8:23 CURRENCY ISSUES
10:24 Summary & Conclusion

#Turkey
#Turkey Crisis
#Lira
#TRADEDEFICIT
#REDENOMINATION
#Inflation
#Evergrande
#Global Financial Crisis