Is Turkey on the Cusp of Yet Another Economic Crisis?

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

There are 5 types of countries: developed, undeveloped, japan, argentina and Turkey

You can't enter a second crisis if you never left the first one. taps forehead

Best of wishes to Turkish people from a Greek. Economically healthy neighboring countries are to the benefit of us all.

What you don't understand is that Turkish people have experienced inflation in almost every generation. It's like being immune to disease. It's the same situation in Argentina. People have now accepted that this is a part of life. They have no choice.

>10yrs now if only erdogan had started listening to the professionals way back then. but nooo, he knew better.

I visited Turkey in 2015 and $1 = 2.8 lira, it's now $1 = 32.7 lira. Absolutely insane.

Them losing 2-1 to Poland is the straw that broke the camels back

I thought Turkey was permanently economically collapsing at this point?

As a Turk, I lost hope long ago. This country is done. Actually, it was done in 2017 when people said yes to the presidential system in the referendum.

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

It's funny how almost ALL of this also applies to the Nigerian government in terms of rates, carry trades, battle of the currency vs USD and the results. Politicians need to learn to leave monetary and fiscal decisions to actual technocrats.

According to TLDR every country is gonna fall in every year

There are 6 types of economies Developed Underdeveloped Japan Argentina Turkey UK

It’s frustrating; our level of current technology suggests that with good data on population and spending, a proper taxation and trade policy should be only a few clicks away.

Honestly, we’ve been in a perpetual state of crisis and decline for years at this point.

I thought they were always in the middle of an economic crisis.

As an argentinean let me tell you what's wrong with following the economic framework written by "experts" from US, UK, Canada and Europe: they don't have a bimonetary economy. The measures taken by Turkey are great on paper, but in the reality of a country with more than a decade of inflation and devaluation, it will only fuel future problems. The loop works like this. - Central bank raises rate - This freezes the economy (taking debt for investment is more expensive), but increases endogenous monetary emission. - The high rates attracts carry trade funds, but like the video states, those are highly volatile - That monetary emission acts as a time-b'mb against a future run against the lira At some point, the inflation persist (because they haven't attacked the main cause of it which its running state deficits and cutting all forms of monetary emissions), a devaluation happens, the carry stops, and all those lira's that were "sleeping" betting on future rates, suddenly run against the dollar, causing a major devaluation event, and even more inflation. The true solution is more similar to what Milei is currently attempting, or to what ecuador or menem attempted before him. You have to stop all forms of state deficits, and find a way to peg the dollar or just dollarize. That way you "attack" both sources of trouble: the fiscal deficit and the trade/account balance deficit. You also have to find a way to deregulate your failing economy, opening to investment and trade. It's not easy, it's not simple, it's not fast, it's not pretty. But it's what works better in this type of economis.

Middle east Argentina

Intro audio is eardrum rupturingly loud again 1:14 -.-"