Ukraine Crisis Could Cost Turkey $30 Billion

[embed]https://www.youtube.com/watch?v=9JLageUdiUs&list=RDCMUCKpFJB4GFiNkhmpVZQ_d9Rg&start_radio=1[/embed]   Ukraine Crisis Could Cost Turkey $30 Billion  

• Turkey’s leading economist, Mr. Mahfi Eğilmez estimated the cost of the “Ukraine Crisis” at $30 bn.

 

• I had independently calculated $35 bn.

 

• $30 bn is roughly 4% of annual national income.

 

• Such a loss would kick Turkey into a deep recession, as well as precipitate a Balance of Payments crisis.

 

• Why are we paying through our nose for a war which transpires across the Black Sea?

    The break-down of the cost (Items cost at different values by economists I consulted)   Higher import bill: Energy, Commodities   Lower exports and tourism revenues   Weaker currency—FX protected deposit insurance scheme   Indirect costs: Lower foreign debt roll-over ratio, the impact of inflation on consumer spending   For more; www.paturkey.com   Subscribe our to channel  http://wedia.link/RealTurkey   Follow & read the latest Independent news from Turkey in English ► https://paturkey.com/   For sponsorship, ad, and other business inquiries ► business@contentcommercialization.com