Turkey is headed to a real disaster | Turkish Economy | Hyperinflation | FO° Explainers








Turkey is headed to a real disaster | Turkish Economy | Hyperinflation | FO° Explainers – Fair Observer





















Turkey is headed to a real disaster | Turkish Economy | Hyperinflation | FO° Explainers

Inflation in Turkey reached 78.6% annually in June – the highest in almost 25 years, according to official data provided by the Turkish Statistics Institute. But many Turks no longer trust official figures and believe inflation to be much higher. Independent experts say the real inflation rate could be more than 175%. Turkey is one of the world’s largest economies and grew rapidly every year up until recently. Why is it now driving itself into a hyperinflation crisis?

About Us- Fair Observer is an independent nonprofit media organization that has published over 2,500 voices from over…



Fair Observer, 461 Harbor Blvd, Belmont, CA 94002, USA

Subscribe

Register for $9.99 per month and become a member today.

Subscribe

Join our community of more than 2,500 contributors to publish your perspective, share your narrative and shape the global discourse.

Subscribe

We bring you perspectives from around the world. Help us to inform and educate. Your donation is
tax-deductible.

See also  The US Is a Violent Nation Awash with Guns | FO° Talks | #enough

Privacy & Cookies Policy