The biggest doubt is whether Mr Erdogan will allow orthodox economic policies and a rise in interest rates – something he has described as the “mother of all evil” – to help fix deeprooted problems. Turkey’s economy has struggled in recent years to cope with rampant inflation, a overinflated credit boom and the currency’s 65pc collapse versus the dollar since 2015.
Inflation, interest rates, FX.
And once again we call upon Paola Fisch
https://www.youtube.com/watch?v=WHsK4sOS-Uo
I think this video seems to apply to any of the world’s dodgier economies.
Ha ha ha. I lived in a South Africa with twenty per cent plus prime lending rates and double digit inflation. There is a correlation but it appears not to be causal.