Turkey has taken an unusual path to fighting inflation which is the opposite of what economists usually do when they're trying to help the economy. President Ardon believes if you lower interest rates you will increase supply and that's why Turkey's had this outlier status among global central banks. With elections approaching the president has really focused on cheap lending especially to sectors he favors in his Turkey economy model including exports and investment oriented businesses.
Turkey’s president Recep Tayyip Erdogan has been in power for two decades. But he now faces a challenge in the country’s May 14 elections from a candidate representing a coalition of opposition parties. Bloomberg journalists Beril Akman, Marc Champion and Sylvia Westall join this episode to talk about why this election matters not just for Turkey’s domestic future–but for the important role the nation plays on the world stage.
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