Erdogan vows to tame Turkish inflation as scepticism grows

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Assessment: Goldman Sachs said in a research note it expected Turkey’s annual inflation to exceed 40% in January, after which it could surpass 50% and remain elevated until the end of the year, when base effects would lower it to around 33% …

President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last month, but economists predicted it could push much higher, piling further pressure on the battered lira currency.

The lira shed 44% of its value in 2021, its worst performance in Erdogan’s near two decades in power.

“also Gomer with all its troops, and Beth Togarmah from the far north with all its troops—the many nations with you.” Ezekiel 38:6

President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last month, but economists predicted it could push much higher, piling further pressure on the battered lira currency.

The lira shed 44% of its value in 2021, its worst performance in Erdogan’s near two decades in power.

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