Three Scourges of Turkish Economy: Unemployment, Inflation, and External Deficit | Real Turkey |
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Three Scourges of Turkish Economy: Unemployment, Inflation, and External Deficit
• After a stellar year in terms of GDP growth, recent data reveals a visible deceleration in economic activity. Turkey could experience a recession this year. Why? • Ukraine War and Fed interest rate hikes have hit the economy hard, which had already been weakened by the insane economic policies of President Erdogan. • Let’s look to the future. The problems of the economy can be summarized under three headings. • HELP, we are drowning in hyperinflation. • Turkey moved from high unemployment to chronic unemployment. No more jobs, young people. • External deficit (current account deficit) is likely to reach 4% of GDP this year, or $35-40 bn. With Turkey’s single B credit rating, financing will certainly cause a recession. For more; www.paturkey.com Subscribe our to channel http://wedia.link/RealTurkey Follow & read the latest Independent news from Turkey in English ► https://paturkey.com/ For sponsorship, ad, and other business inquiries ► business@contentcommercialization.com #RealTurkey #Unemployment #Inflation |