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Date: 2024-08-16 Page is: DBtxt001.php txt00023243

TURKEY
THE ECONOMY OF TURKEY
Joe Blogs ... TURKEY in DEEP TROUBLE - Lira now WORST Performing Currency & Inflation is Out Of Control

PLAY YOUTUBE VIDEO

Original article: https://www.youtube.com/watch?v=0uMjua_q4fA

Peter Burgess COMMENTARY
This description of the state of the Turkish economy is very disturbing on a number of fronts.

Turkey, like many countries with modest or small reserves, does not have much room for maneuver.

The policy options available to the Central Bank and the Government are very limited, and their actions likely at cross purposes with political leadership.

JoeBlogs describes the results of policy choices over the past two years quite clearly, but
Peter Burgess

TURKEY in DEEP TROUBLE - Lira now WORST Performing Currency & Inflation is Out Of Control

Joe Blogs

Sep 25, 2022

147K subscribers ...126,381 views ... 9.6K likes

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#TURKEY #UKRAINE #RUSSIA

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Turkey is in Deep Trouble as it is a NET IMPORTER of GAS, OIL, FOOD & COMMODITIES and the rise in Prices caused by the UKRAINE WAR has added to the Price & Currency Pressures. The TURKISH LIRA is now the WORST Preforming Currency and with an exchange rate of around 18 to 1 US Dollar purchases of OIL & GAS mean that the Turkish Central Bank is running Dangerously low on Currency. To make matters worse the Central Bank has been following a policy of Reducing Interest Rates at a time of High Inflation. In this video I look at what has been happening over the last 12 months for Interest Rates, Inflation, Without an injection of new currency the situation looks Dire for Turkey.

For specific details please check out the CHAPTER list below.

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Chapters:

0:00 Intro
2:05 INTEREST RATES
3:44 INFLATION
6:14 LIRA
8:53 FOOD PRICES
12:32 OIL PRICES
14:58 TRADE DEFICIT
16:59 CREDIT DEFAULT SWAP
18:47 SUMMARY & CONCLUSION

#TURKEY #UKRAINE #RUSSIA #OIL #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3 Chapters

Interest Rates ... 2018 to 2022

Interest Rates ... recent months of 2022

Inflation Rate month by month since September 2019

Turkish Lira / US Dollar Exchange Rate

International comparison

Turkish Food Inflation

Movement of Brent oil prices in local currencies

Foreign Trade Deficit

Credit Default Swops

The text being discussed is available at

and

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