Erdoganomics: the Policy that is making Turkey collapse – VisualPolitik EN

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For years Turkey was one of the great economic promises. However, the last few years have been particularly hard. In 2021 alone, the Turkish Lira lost 50% of its value against the dollar.

Today the country’s economy is dominated by extremely high inflation, capital flight and supply problems. And all because of a deliberate policy: Erdoganomics. A policy that, for example, argues that lowering interest rates helps to curb inflation.

In this new video that we have made in collaboration with Value School, we tell you all the details about Erdogan’s plan that is pushing Turkey to the point of collapse.

Big thanks to Value School for making this video possible: https://valueschool.es

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Turkey

Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

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