TURKEY in Deep Trouble as Inflation Soars Again & Interest Rates are Hiked to 50%

Please Support The Channel: YouTube Super Thanks (click below) YouTube Membership (click below) 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 68.5% 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. Thanks for watching and please LIKE and SUBSCRIBE. If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated. Chapters: 0:00 Intro 2:49 ECONOMIC POLICY CHANGES 5:35 INFLATION 8:04 FOOD INFLATION 9:11 LIRA 12:53 BALANCE OF TRADE 15:54 SUMMARY & CONCLUSION #TURKEY #russia #sweden #ukraine #nato #earthquake #turkeyearthquake2023 #OIL #GLOBALFINANCIALCRISIS #RUBLE #sweden #finland #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3