Cost of Living Crisis

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Turkey’s economic woes are catching-up with Erdoğan | FT #shorts
Financial Times· 2025-07-15 04:01
Turkeykey's economy, once tipped to repeat the success of South Korea's transformation, is in a rut. The reason is the tough measures needed to rescue the country from the balance of payments crisis it faced 2 years ago. But the arrest this March of Istanbul mayor and star opposition politician Ecram Imamolu made matters worse.It led to mass riots and caused the financial panic which forced the central bank to jack up interest rates again. Around a thousand domestic companies have filed for bankruptcy so fa ...