Why Turkey’s Economy is in Crisis ⚠️☠️🚨
3 months ago
2
The Turkish economic crisis is a financial and economic crisis in Turkey.[1] It is characterized by the Turkish lira (TRY) plunging in value, high inflation, rising borrowing costs, and correspondingly rising loan defaults. The crisis was caused by the Turkish economy's excessive current account deficit and large amounts of private foreign-currency denominated debt, in combination with President Recep Tayyip Erdoğan's increasing authoritarianism and his unorthodox ideas about interest rate policy.
#economy #turkey #crisis #financialcrises #finance
Loading comments...
-
42:39
The Why Files
6 days agoWe Are the Aliens | Life's Interstellar Journey to Earth: Panspermia
190K107 -
1:24:34
Michael Franzese
1 day agoTrump speech, assassination attempt updates, and foreign threats | MF LIVE | Ep. 12
167K150 -
1:53:06
Tactical Advisor
20 hours agoBattleHawk Build Of The Month and Giveaway - Vault Room Live Stream
151K37 -
19:55
My Self Reliance
1 day agoNow What?!
145K32 -
10:03
After Skool
1 month agoWhy Good People Comply With Evil - Daniel Schmachtenberger
231K292 -
15:32
Winston Marshall
2 days agoHollywood’s DEAFENING Silence On Trump's Assassination Attempt
212K285 -
1:01:02
Lou Dobbs
1 day agoRemembering The Great Lou Dobbs
198K312 -
3:10:02
Roseanne Barr
1 day ago $62.22 earnedA Domestic Goddess and Domestic Terrorist walk into a bar | The Roseanne Barr Podcast #57
246K348 -
10:33
Space Ice
1 day agoSteven Seagal's The Patriot Is So Bad It Revolutionized Medicine Forever - Worst Movie Ever
113K47 -
22:37
Degenerate Plays
1 day agoI'm Looking Respectfully 👀 - Stellar Blade : Part 8
90.8K5