Inflation in Turkey could very well reach 50% and more in the coming months

Because of unorthodox economic policies, Turkey will face a tough year ahead, with inflation peaking at a 20-year high… but we do see some lights at the end of the tunnel!

President Erdogan and his party (AKP) are facing their lowest popularity ever, and elections are not far away, in June 2023. At this point, the government is betting on a policy-mix based on low interest rates, a weaker currency and a fiscal package to support economic growth and extend its political life. This is a highly risky bet in an environment where inflation is surging.

You can now read the full whitepaper at the link below