Turkey is doomed to another year of double-digit inflation! Why?
Turkey is rapidly becoming an anachronism in a world battling deflation. The country closed the year with a CPI of 14.6%, according to official figures. A credible group of academicians estimated the true CPI at 36.72%. This is really, really an outlier for a country that has a stable government and is not suffering from a terms-of-trade shock. Why is Turkey’s inflation so high? What needs to be done to bring it down? Can it be done without causing a severe recession? You will find the answers in this video.
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