Turkish economic issues TLDR report

[retaxis]

So whats going on? I haven't been following but I know there was hyperinflation a few years back. The GDP per capita and growth seemed good so is this report correct? How is affordability for average people in Turkey now?

 

[wangdefa]

The currency is continuously depreciating, and prices are rising sharply. When you receive cash, you need to spend it before it loses its value. I learned this from the owner of a Turkish restaurant.
A Turk working in China, I think I should believe what he says.

 

[retaxis]

The currency is continuously depreciating, and prices are rising sharply. When you receive cash, you need to spend it before it loses its value. I learned this from the owner of a Turkish restaurant.

Yeah its better to hear it from Turks directly otherwise its just internet speculation. Turkish GDP per capita grew quite a lot last few years but that doesn't mean much to the people and their daily lives if things are worse

 

[wangdefa]

Yeah its better to hear it from Turks directly otherwise its just internet speculation. Turkish GDP per capita grew quite a lot last few years but that doesn't mean much to the people and their daily lives if things are worse

The relationship between GDP growth and significant currency depreciation is contradictory. A growing country with a strong currency has sufficient data to support its currency.

 

[retaxis]

The relationship between GDP growth and significant currency depreciation is contradictory. A growing country with a strong currency has sufficient data to support its currency.

Sounds like India situation

 

[wangdefa]

Sounds like India situation

So while Indians boast about the increase in GDP, they cannot explain the reason for the continuous depreciation of the sovereign currency, which means the rupee is constantly being sold off. This is inconsistent with the logic of economic growth.
Currently, the three countries with the largest currency depreciation are Turkey, India, and Japan.