NEW YORK – Despite a catastrophic currency devaluation and 50% annual inflation as of December, Turkish manufacturing is booming and exports have risen by more than half from pre-pandemic levels. A real economic boom in the midst of financial disaster is puzzling, but there’s a simple explanation: Turkish manufacturing doesn’t have much to do with […]
Tag: Turkish lira
Posted inAT+
Erdogan’s Ponzi scheme comes apart
Posted inAT+
Turkey on the hyperinflation vanguard
Posted inEgypt, European Union, France, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Middle East, Russia, Syria, Turkey, World
