A cut-rate theory: Turkey’s currency spiral
The Intelligence from The Economist
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Turkey's Economy Is in Crisis
Turkey's economy is in crisis, or rather an ongoing crisis has suddenly got much worse. President ajtyp erdoan defended his central banks interest rate cuts and suggested that he was deliberately pursuing a weaker currency to drive growth. He promised to lift the scourge of interest rates from people's bais belasene bumiletin sertedan caldriga. The president also said he turkey was waging an economic war of independence, and promised to standfirm be economi curtus savasundanda,.
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