The data on the Turkish economy is quite difficult, at a time when the Turkish president insists that everything will go well.
As he argued, lowering interest rates will also reduce inflation. However, so far the results are the opposite, as inflation from 16 went to 36%.
“Together” is Recep Tayyip Erdogan’s new slogan. “We will succeed in the economy, as together we stopped the imperialists, as together we succeed in the ethers and the seas.”
It is recalled that a year ago the Turkish president was talking about “change”.
This rhetoric of Erdogan, according to analysts, passes to a part of the public after the promises for increases in retirees and civil servants.
Erdogan’s economic model started a few months ago, with him stating that we will reduce interest rates and reduce inflation.
The country recorded an inflation record – officially it is at 36% – the worst performance in the last 9 years.
Independent university surveys at the same time speak of inflation reaching 85%.
However, according to the Turkish president, by 2023 Turkey will achieve its goals.
The course of the economy will depend to a large extent on the political scene and the possible elections.
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