Markola
Thinks s/he gets paid by the post
And that’s just the suspect official number. Actual inflation might be 200% or more. President Erdogan’s solution? Print like crazy by LOWERING interest rates to encourage exports.
This is not tiny Sri Lanka, where inflation and debt caused the government to collapse last month. Turkey is a NATO and a founding G20 country, now 23rd in GDP. Turkey seems to be a macro concern to watch and an interesting case study for unconventional economic policy.
https://www.aljazeera.com/economy/2...umped-to-24-year-high-of-79-6-percent-in-july
This is not tiny Sri Lanka, where inflation and debt caused the government to collapse last month. Turkey is a NATO and a founding G20 country, now 23rd in GDP. Turkey seems to be a macro concern to watch and an interesting case study for unconventional economic policy.
https://www.aljazeera.com/economy/2...umped-to-24-year-high-of-79-6-percent-in-july
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