The Aftermath of Currency Collapse: Sudden Stop Syndrome

Atilla YeşiladaPosted on

 

The Aftermath of Currency Collapse: Sudden Stop Syndrome

 

  • President Erdogan’s mad experiment called the “New Economic Model” is expected to last 3-5 months.

 

  • More measures to aid exporters are underway.

 

  • Central Bank tries to stabilize the currency.

 

  • It is too late.

 

  • Inflation is predicted to rise by at least 5 percentage points in the next three months.

 

  • Producers and wholesalers stop deliveries.

 

  • Hoarding is starting.

 

  • Economy to go into a tailspin by Christmas.

 

  • Small-scale social unrest bodes ill for the winter months.

 

  • A rising chorus of early election demands.

 

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.