TURKEY in Deep Trouble as Crisis Accelerates, Inflation Soars, Lira Crashes & Interest Rates Hit 50%

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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.

For specific details please check out the CHAPTER list below.

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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

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