Turkish economy in the slit; From economic uncertainty to inflation – Mehr News Agency | Iranian and world news

Mehr News Agency, Iernational Group: 4 years ago, Türkiye as a coury Developing And it had a prosperous economy. The coury iended to Based on The ambitious horizons of the “Outlook Docume” on the 100th anniversary of the establishme of the Republic of Türkiye are one of the world’s five powerful economies. But Turkey’s economic decline has created a tougher situation for the people of the coury since year by year, and by the way, in the year 5, as the year of the realization of the vision, the economic situation was worsened and the goals failed.

Rajab Tayeb The curre Turkish Preside Erdogan promised at the same time that if the Turkish people gave him once again, he would save the coury with several economic reforms. But this promise was not fulfilled, and now millions of Turkish citizens, with inflationary stagnation, inequality and increased poverty and unemployme. EncoueredAnd A significa portion of their purchasing power has lost. All of this is while foreign policy is not with the help of the economy, and economic analysts say uil the end This year AD, the price of the dollar in Türkiye is higher than the 5 pounds, which means the more difficult conditions for the production, industries and export sectors.

Conflict On statistics

One of the criticisms Importa Erdogan’s oppones are that members of his economic team, the Minister of Finance and Finance, the Vice Preside, the head of the ceral bank and the head of the Turkish National Statistics Ceer, do not provide a clear report on the coury’s economic conditions and so -called busy reports. Statistics Are. , As, as, Based on The official statistics of the governme and the ceral bank earlier in the early year of Türkiye’s annual inflation rate reached 4.9 perce, the highest since November. Basic inflation also reached its highest level in the last 5 years, at 4.9 perce, which Caused by Factors such as increased energy costs, supply chain disorders, and unusual monetary policies. But Research and research departmes close to the market, the private sector and universities have announced in several reports that Türkiye for the first time has three -digit inflation And Its average swelling has reached 2 %.

Increasing production costs has led to a decline in exports of goods from Türkiye to other couries. As a result, the foreign trade deficit in the coury’s economy reached a worrying boundary, and against the $ 2 billion imports, the amou of imports has barely reached $ 5 billion. This is when strict rules for importing goods and a significa portion of import corol was due to lack of foreign exchange resources and foreign borrowing.

Multiplication of Türkiye’s economic challenges

In years 1 and 2, the Turkish economy with significa challenges such as high inflation, devaluation of national currency and political instability Encouered It has been. The devaluation of money and capital escape from Türkiye to Europe has been one of the most common problems for the past five years. With the arrest of Istanbul mayor Akram Imamoglu, this problem became more complex and influenced the market in two ways: first, the market faced a sudden surprise, and the psychological effects of the governme made the Turkish lira weaker against the US dollar. As a result, the Turkish Ceral Bank was forced to sacrifice $ 5 billion of foreign exchange reserves within three weeks to keep the dollar at the border of 4 lira.

This action was made by Türkiye’s political and economic analysts as negative effects Politics On the economy Describe Became the leader of the People’s Republican Party and Sponsor Imamoglu described these eves as betraying the Turkish democracy and economy. Second, some foreign companies are concerned about the increase in the political and economic instability of the Istanbul Stock Exchange. Izmir, BursaAnkara and Morsin Left and Tendency Many major European, American and Chinese companies have subsided to invest in Türkiye.

Another major challenge in the Turkish economy was the unusual monetary policy and the consta ierveion of the preside in determining the ierest rate on bank deposits. This trend changed the ceral bank’s head three times in a short period of five years. Previous policies that preferred low inflation, weakened the trust of investors and exacerbated economic problems. Although the ceral bank has been a coractionary position since then and has increased ierest rates to 5 %, But The consequences of previous policies coinue to affect the economy.

Along with numerous political and foreign factors, this should also Hi The Turkish economy has structural weaknesses. For example, Türkiye’s dependence on energy and imported iermediary goods leads to a significa business deficit And This problem makes currency instability and inflationary pressures more complicated. In other words the structural problems of the Turkish economy, it should also be Hi According to Professor Daron Ajam Oglu, the Nobel Professional Winning of Turkey to other couries, the export of goods from Turkey to other couries is of high value added because its industries are still unable to use the technology of the day and as a result the Turkish economy, ierest is ierest. Verry It has a low.

Very obstacles in the path of economic reform

Since the beginning of the year, Erdogan’s governme’s economic team has taken steps in the direction of economic reform and efforts to restore stability to the market. The most importa step in this direction is to valve financial discipline and deal with Spray And in governme agencies and departmes, the coractionary policy and austerity have been monetary. But In parallel to these positive actions, increase Income Governme tax has put heavy pressure on citizens and producers and has made their voices. The governme’s medium-term plan (1-8) has also put on the agenda to reduce dependence on imports, strengthen domestic production and execute financial discipline. But There are still many problems in sectors related to the approach of the governance system to the economy.

In Türkiye’s economic program, openly to critical and importa issues such as improving transparency, strengthening the rule of law and ensuring the independence of institutions and institutions. Honor The private sector meioned But In practice, the governme has taken action that coradicts these goals. For example, the path of activity is paved for many coractors and companies close to the AKP But Powerful financial groups close to the opposition have faced many obstacles, and some of the most importa Turkish private sector figures have been easily detained on charges of disturbing public opinion and insulting the preside.

Erdogan’s governme for Transition Of the curre crisis seeking to attract foreign capital But Efforts of the past two weeks ImportaShimshak For Negotiation With American and European financial groups In order Their encourageme to invest in Türkiye has not yet been the result. At the same time, the amou of investme in the Turkish economy is limited to Qatar, Saudi Arabia, Kuwait and the United Arab Emirates, and the curre investme figures in Turkey do not meet the financial needs of the governme. All of this is more difficult for a significa portion of Turkey’s population of 5 million, as rising food prices, housing and energy have put a lot of pressure on households, and many people have difficulty meeting their basic needs. Encouered Are.