P.A. Turkey

Video Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?

 

Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?

CPI soared by 6.5% in January and 65% per annum.

• As far as combatting inflation goes, Mehmet Simsek’s economic stabilization program is a mess.

• Are there any other areas where Mehmet Simsek made progress?

• Inflation will get worse, as election related spending boosts domestic demand.

• How long will Erdogan tolerate Simsek?

• Will Turkey go back to bad old days of “heterodox” economic policy?

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