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by jlawer
1440 days ago
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I believe the monetary policy of Erdoğan is somewhat Unique. Türkiye has dropped / resisted raising interest rates, and pretty much done the opposite to what few things economists agree on. This has caused the Lira to drop in value increasing the cost of imports. They are importers of Energy unlike most of their neighbours and is a net food importer having been especially hit hard by the Ukraine conflict. |
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Turkey was indeed in the top 5 food importers from Ukraine in 2018. Interesting stuff!
Edit: actually the 5th top importer