It is hardly anyhow promising at this point. The real inflation on most economic areas were higher than 150%, as experienced by both the consumer population and the producers. Erdoğan’s ruling cabinets had lost all foreign investors’ trust completely af few years ago, and now not even his supporters believe in any positive move in the economy so as to bring down prices accordingly.
This sharp and steady increase in the central.bank interest rates in the last few months is nothing but trying to resuscitate the braindead economy with the defibrillators. This only makes it twitch momentarily, nothing more.
Promising considering the situation. Yeah you’re right that things should have been done sooner, but at least the better decision being made now rather than even later.
As you indicated,it will be interesting to see what will happen now and how much their economy can recover.
It is hardly anyhow promising at this point. The real inflation on most economic areas were higher than 150%, as experienced by both the consumer population and the producers. Erdoğan’s ruling cabinets had lost all foreign investors’ trust completely af few years ago, and now not even his supporters believe in any positive move in the economy so as to bring down prices accordingly.
This sharp and steady increase in the central.bank interest rates in the last few months is nothing but trying to resuscitate the braindead economy with the defibrillators. This only makes it twitch momentarily, nothing more.
Promising considering the situation. Yeah you’re right that things should have been done sooner, but at least the better decision being made now rather than even later. As you indicated,it will be interesting to see what will happen now and how much their economy can recover.