Turkiye's economy expanded 7.5 per cent annually in the second quarter of 2022, Reuters reports. According to the report, President Recep Tayyip Erdogan's new economic programme pushed the lira to end last year down 44 per cent against the dollar and shed another 27 per cent so far this year. On the other hand, Turkiye's Erdogan said last week that Turkiye does not need interest rate hikes despite high inflation rates. Turkiye's inflation rate hit almost 80 per cent – a 24-year high – last month. Turkiye's central bank cited signs of a slowdown in the third quarter and shocked markets by cutting its policy rate by 100 base points to 13 per cent. READ: US warns Turkiye of sanctions […] Source
Related posts:
Erdogan: 'Without Türkiye, NATO is weak'
For the progress of the country, corporate economy must be reined in
Michel Chossudovsky Interview – Engineered Destabilization Of The Global Economy & The “Reimagining”
Globalist Agenda Watch 2018 (Update 6, continued + a Special Note, expanded)
China’s Economy in Tatters as Spending Plummets, Government Lacks Cash
Trump calls out Clinton for her support for Israel’s separation wall