Video Summary The economy of Turkey is facing a severe crisis, with inflation rates reaching 70%, one of the highest in the world. To combat this, the Turkish Central Bank has increased interest rates to 50%, the second highest in the world. The country’s situation is particularly concerning due to its negative balance of trade, […]
Video Summary Turkey’s economy has experienced significant challenges in recent years, particularly with regards to inflation. In 2023, the country saw a change in its economic policy, with the appointment of a new head of the bank, Sahap Kavci, who implemented a more traditional approach to managing inflation by increasing interest rates. However, this strategy […]