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Turkey’s annual inflation rate hit 36.1% in 2021, the highest in President Erdogan’s 19 years in power. In the meantime, the Lira has lost more than 40% of its value.
Maria Demertzis sits down with
Elina Ribakova, Deputy Chief Economist of the Institute of International Finance, and
Refet Gurkaynak, Professor of Economics at Bilkent University, to discuss the circumstances that have contributed to these developments and the outlook for Turkish economy.
