Part 11/12:
Turkey’s economy is confronting a confluence of serious issues: persistently high interest rates, hyperinflation, sharp currency devaluation, and a fragile manufacturing sector. While recent reductions in inflation are encouraging, they are not enough to undo the multi-year damage caused by soaring prices and depreciating currency.
The long-term outlook remains challenging; unless structural reforms and confidence-building measures are implemented, Turkey risks remaining stuck in a cycle of economic decline. For the average citizen, life continues to become more expensive, and for investors, Turkey is increasingly seen as a risky proposition.