GENERAL
Turkey’s Enduring Economic Ordeal: A Deep Dive into Inflation’s Relentless Grip
Turkey is grappling with a severe economic crisis marked by deeply entrenched, high inflation that has trebled prices in three years. This relentless price surge is eroding consumer purchasing power and squeezing business profit margins, despite nominal retail sales growth. While inflation shows signs of slowing, its cumulative impact and the underlying cost-push drivers, exacerbated by a weakening Lira, signal a long and challenging road to economic recovery.
