A cut-rate theory: Turkey’s currency spiral
The Intelligence from The Economist
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Turkey's Economic Turmoil
This chapter explores the precarious state of Turkey's economy under President Erdogan, focusing on the alarming inflation rates and the rapid decline of the Turkish lira. It discusses the controversial monetary policies, particularly aggressive interest rate cuts, and their negative impact on ordinary citizens' lives. Amidst widespread financial instability and public dissent, the chapter highlights the struggles faced by various demographics and the looming threat of social unrest.
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