Reported about 1 year ago
Turkey has experienced high inflation due to President Erdogan's unconventional economic policies focused on growth, causing hardship for Turkish households. While luring back foreign investors, inflation is expected to rise further, impacting citizens with increased borrowing costs. The country's $1 trillion economy faces challenges as inflation accelerates, despite promises of improvement by officials. Erdogan's pivot to market-friendly policies aims to sustain economic growth, yet citizens remain skeptical as they grapple with rising prices and borrowing expenses.
Source: YAHOO