Turkey: Annual inflation nears 20%

[Apollon]

Are you really comparing Turkiye's Technology/Industry and Turkish Tourism market to that of Zimbabwe?

For EU nations, Turkey is simbabwe...and tourism runs really good during covid...

Dude, maybe learn some economics. Inflation of 20% kills poor people. Its that simple.

 

[dani191]

China has trillion dollars cash ... also $2 trillion Chinese bonds in The US
and China's export over $2 trillion annually ... so $300 billion is nothing for huge Chinese economy ( $16,6 trillion )



Turkish Central Bank had only $110 billion and USA used over $70 billion to attack Turkish currency from ASIA stock Markets

TRUMP used Dollars as a weapon against Turkiye


now ERDOGAN doesnt care about Turkish currency
even ERDOGAN is so happy with low Turkish Lira ... for more export

so why not 50 lira for dollar good for export

 

[CatSultan]

i think most economies agree that modrate inflation of 1-2 % year its ok for economy more than that not

They think its ok because it encourages people to spend. If government tax isn't enough to redistribute wealth then the government sucks. Use the tax money for something useful instead of devaluing my savings.

 

[MMM-E]

For EU nations, Turkey is simbabwe...and tourism runs really good during covid...

says a person from backward and bankrupt Greece

Turkiye is industrialized and developed Country which has the 11th biggest GDP PPP in the world
and Turkiye is a G-20 Country

Dude, maybe learn some economics. Inflation of 20% kills poor people. Its that simple.

Turkish nation very well knows about that
since 2013 Turkiye is in a war against USA+Europe+İsrael and their terrorists FETO , PKK/YPG

and AK Party government gives around 70 billion TL to 6,6 million family for social assistance annually
also Rich People helps poor People in Turkey

Muslim Turks have a very special culture of cooperation with poor people
Turkey has everything
also Turkey is one of the 7 countries that are self-sufficient in agriculture.

 

[dani191]

They think its ok because it encourages people to spend. If government tax isn't enough to redistribute wealth then the government sucks. Use the tax money for something useful instead of devaluing my savings.

what drive economy its saving and investment and production not spending

 

[Titanium100]

I don't even understand why this people are reporting trivial things such as inflation while the inflation is global due to the covid just like yesterdays thread saying ''Chinese economy collasped due to evergrande? completely jumping the gun lmao'' Relax your tits..

Just check this out..

Russian rubble is like 70 times weaker than the Lira. 1 USD is 72,89..

Iranian Rial is the highest inflated currency in the world 1 USD is 42275,00

Lira is only 1 USD to 10.01 and people are freaking out. Seriously when you speak to some folks online who are disinformed because some are just spamming you would think there was economical crash in Turkey.. Disinformations and ignorance can be bliss sometimes..

Example I have been hearing since the 90s the GULF economy will collapse they have run out of oil? I mean really we are 30+ years later why didn't the oil run out yet?

There are to many wishful thinkers out there nowadays who will hang onto anything that pleases them even if it is horse crap

 

[MMM-E]

They think its ok because it encourages people to spend. If government tax isn't enough to redistribute wealth then the government sucks. Use the tax money for something useful instead of devaluing my savings.

ERDOGAN spent around $100 billion for humanitarian aid to muslim countries in the last 10 years

even $50 billion for around 5 million refugees in Turkey

If ERDOGAN distributed $100 billion money to poor families, there would be no poor family in Turkey now

 

[dani191]

ERDOGAN spent around $100 billion for humanitarian aid to muslim countries in the last 10 years

even $50 billion for around 5 million refugees in Turkey

If ERDOGAN distributed $100 billion money to poor families, there would be no poor family in Turkey now

aid to poor countris never solve poverty what solve it?

Apply some element of capitalisem like china do you dont need alot even small amount of capitalisem make country get out of poverty

 

[MMM-E]

what drive economy its saving and investment and production not spending

led by ERDOGAN , Turkiye was become industrialized and developed Country which has the 11th biggest GDP PPP in the world

Turkey's export has risen to $212 billion from $35 billion

and Turkey develops over 1200 projects to reduce imports by $120 billion annually
that means $120 billion x 10 years = $1,2 trillion will be spent for developing Turkiye and enrich the Turkish people

 

[Shotgunner51]

China during the same period having a never seen before trade war with 25％ tax on 300 billion dollars worth of product

Yes trade war since 2018 is still ongoing if not intensifying, but results are also self-explanatory: China (Mainland) 2020 exports further expanded to $2.5 trillion, while US dipped to $1.44 trillion.

But what's more staggering is in the Hi-Tech sector. China (Mainland) 2020 exports further expanded to $757.7 billion, while US has contracted to $143.5 billion. China is more than 5 times that of US, without even including HK's data (mostly re-export) which is another $340.1 billion into account.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Less than 10% of US exports is Hi-Tech, the rest like chicken wings or soy beans can be substituted by sources like Brazil. Results say this trade-tech-financial-propaganda war is great, better continue and let's see how resilient is US on this, not to mention their skyrocketing foreign debt and money printing.

 

[Apollon]

says a person from backward and bankrupt Greece

Turkiye is industrialized and developed Country which has the 11th biggest GDP PPP in the world
and Turkiye is a G-20 Country





Turkish nation very well knows about that
since 2013 Turkiye is in a war against USA+Europe+İsrael and their terrorists FETO , PKK/YPG

and AK Party government gives around 70 billion TL to 6,6 million family for social assistance annually
also Rich People helps poor People in Turkey

Muslim Turks have a very special culture of cooperation with poor people
Turkey has everything
also Turkey is one of the 7 countries that are self-sufficient in agriculture.

If you are at war with evryone...maybe you should look inwards?

 

[dani191]

led by ERDOGAN , Turkiye was become industrialized and developed Country which has the 11th biggest GDP PPP in the world

Turkey's export has risen to $212 billion from $35 billion

and Turkey develops over 1200 projects to reduce imports by $120 billion annually
that means $120 billion x 10 years = $1,2 trillion will be spent for developing Turkiye and enrich the Turkish people

import its good thing the role of export is to fund import thats all

Yes trade war since 2018 is still ongoing if not intensifying, but results are also self-explanatory: China (Mainland) 2020 exports further expanded to $2.5 trillion, while US dipped to $1.44 trillion.

But what's more staggering is in the Hi-Tech sector. China (Mainland) 2020 exports further expanded to $757.7 billion, while US has contracted to $143.5 billion. China is more than 5 times that of US, without even including HK's data (mostly re-export) which is another $340.1 billion into account.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Less than 10% of US exports is Hi-Tech, the rest like chicken wings or soy beans can be substituted by sources like Brazil. Results say this trade-tech-financial-propaganda war is good, wanna see how resilient is US on this, not to mention their skyrocketing foreign debt and money printing.

i think its not ture the numbers israel included all exports from israel also off forigen comapnies witch open r&d in israel

 

[Shotgunner51]

i think its not ture the numbers israel included all exports from israel also off forigen comapnies witch open r&d in israel

Israel 2020 exports was $60.179 billion, in which hi-tech exports was $12.781 billion or 21% of overall.

Goods exports (BoP, current US$) | Data

Goods exports (BoP, current US$) from The World Bank: Data

data.worldbank.org

Yes it was "exports from the territory" of Israel, including exports by foreign companies (FDI) making things in Israel. Same for China, largest FDI to China dominated by Hong Kong (60% of overall), followed by Singapore, Taiwan, Japan & South Korea rounding up the top 5 spots of foreign investors. A lot of hi-tech exports from SE Asia like semiconductors are also by these investors.

 

[MH.Yang]

Turkey under economy attacked= Trump made a few empty threat and imposed 25％ tax on turkish iron, copper only
China during the same period having a never seen before trade war with 25％ tax on 300 billion dollars worth of product but our currency and inflation rate is still relatively stable.
Find a better excuse next time, Mr MMME.

This is unfair. China's economy should not be a reference for Turkey's economy. China has a population of 1.4 billion and Turkey has only 80 million.
Even in Europe, Turkey is a strong economy. The pillar of Turkey's economy is tourism, but Turkey's financial and manufacturing industries are also good. Turkey's automobile manufacturing industry has strong strength, with an annual output of more than 2 million vehicles. Turkey's shipbuilding industry is also very good, as well as the electronics industry and home appliance industry. But the employment rate of women in Turkey is very low, which limits the further development of Turkey's economy.
However, Mr MMME did make a mistake. Yes, Turkey's economy has been attacked by the USA, but the greater harm comes from the EU. The European Central Bank has repeatedly reminded member banks to pay attention to the risk of Turkish Lira, which actually requires member banks to sell lira together. This is the direct reason why the Turkish Lira has repeatedly suffered heavy losses.

If you are at war with evryone...maybe you should look inwards?

Inflation in the USA is now very high, and it is likely to raise interest rates in advance, so not just the Turkish Lira, all risky currencies will depreciate significantly. The Greeks use the euro without the risk of significant depreciation, but that is because the EU has the support of Germany, not because of the support of Greece. From 2021 to 2022, all high-risk economies in the world will experience three stages: imported inflation, interest rate hike, stock market & Exchange Rate collapse. This is inevitable.

 

[TOTUU]

Turkey has performed already well, but unfortunately Turkey is not the United States, which has sent trillions of dollars to its citizens in the first 3 quarters of this year, and the Americans use the money printed to buy the fruits of foreigners' labor, resources, companies and technologies.

This is the benefit of the world's leader, through power can gain benefits, through power to make the national life easier. Just like the boss of a company, the boss decides who does what position within the company, what work is done and what salary is paid.

Look at the numbers for 2021, the U.S. government has already sent $3.6 trillion directly to individual U.S. accounts in 3 quarters this year, without any labor required to get it.