Tag #Usa Elections

What were the primary challenges faced by the Turkish economy in 2024, and what were their immediate consequences?

Turkey faced a challenging economic year in 2024, marked by a sharp U-turn in economic policies after the general elections. Despite promises of rational policies, inflation control fell primarily on the Central Bank (TCMB), while fiscal policy failed to implement necessary reforms. This led to high costs from interest rate hikes, exceeding the costs of inflation itself.",