The Economist: Turkey’s Economic Model is Collapsing
The Economist magazine reports that the economic situation in Turkey is not good. The authorities claim it is fine because people are busy shopping, but inflation is such that saving money is not justified, and if you hold onto money, its value diminishes after a short period.
Turkey’s economic model has completely transformed, and there is even a possibility of economic collapse.
Erdogan is looking to the West for economic improvement with the help of these countries.
In the NATO affair, the President of Turkey gave approval to Finland and also created economic obstacles for Russia to attract the West’s attention.
The new government might not be able to significantly aid this process and curb the rising inflation.