• A poor second quarter GDP outturn, weak summer data and rampant inflation amount to a stagflation.
• Turkish economy is very likely to remain in stagflation until the second half of 2025, unless President Erdogan reneges on the current belt-tightening drive. Will he?
• That depends on when next elections will take place.
• Since Erdogan is a lame duck, he needs the national assembly to call early elections to win another term.
• The main opposition party demands elections no later than the first quarter of 2026. Erdogan will eventually yield to this demand.
• Can Turkey get out of her stagflation, if elections are just behind the horizon?
İf you liked this one, here is another video from Real Turkey Channel