Turkey's Economy Cannot Hold Out Much Longer

[Foinikas]

The Kaans, which will be produced until 2028, will fly with the f110 engine. Also, we dont have an engine project for Hurjet.

Is there any project on ship and submarine engines?

Also the Altay with the Korean engine. Although the problem will be solved,supposedly soon if I'm not mistaken. If I remember correctly Turkey plans to make an indigenous tank engine soon

 

[MMM-E]

Turkey is 4th, in the same Quarter India grew at 6.1%, but it's considered Q4 instead of Q1 in India because our fiscal year is from 1st April to 31 March.

Ok
if it's considered Q4 instead of Q1 in India

Turkish economy 4th fastest growing economy in G20 Countries after India,Indonesia,China

Turkish economy is growing

In the same time Lira lost 27% of its value and it will go down further, meaning Turkish GDP as usual will remain stagnant.

1 USD has risen to 23.6 TL from 20 TL in the last 2 months
but After June 22, the dollar rate will remain stable or even decrease because the Turkish Central Bank will increase interest rates.


since 2013 Turkish currency dropped by 1.120%
but still Turkiye has bigger economy than Greece+Egypt+İran combined

 

[dani191]

Ok
if it's considered Q4 instead of Q1 in India

Turkish economy 4th fastest growing economy in G20 Countrreis after India,Indonesia,China
Turkish economy is growing




1 USD has risen to 23.6 TL from 20 TL in the last 2 months
but After June 22, the dollar rate will remain stable or even decrease because the Turkish Central Bank will increase interest rates.


since 2013 Turkish currency dropped by 1.120
but stil Turkiye has bigger economy than Greece+Egypt+İran combined

how do you know centeral bank will reise intrest rate?

 

[Foinikas]

Turkish economy 4th fastest growing economy in G20 Countrreis after India,Indonesia,China
Turkish economy is growing

Turkish economy is growing and yet you have negative foreign currency reserves,people complaining about salaries,pensions and prices and you have entire cities to rebuild after the Earthquake. Not to mention,help these people who were internally displaced.

 

[MMM-E]

how do you know centeral bank will reise intrest rate?

Wait and see in the next week

Erdogan is changing his stupid economic policy which almost destroyed Turkish economy

Erdogan lowered the interest rate
and Erdogan deliberately increased the Dollar rate from 8.4 to 18,6 TL between september 2021 and 15 january 2022

Turkish currency dropped by 221% in a few months

ERDOGAN won't make the same mistake this time

 

[CallSignMaverick]

Wait and see in the next week

Erdogan is changing his stupid economic policy which almost destroyed Turkish economy

Erdogan lowered the interest rate
and Erdogan deliberately increased the Dollar rate from 8.4 to 18,6 TL between september 2021 and 15 january 2022

Turkish currency dropped by 221% in a few months

ERDOGAN won't make the same mistake this time

If anything Erdogan did the opposite, he used forex to prevent Lira from sinking further.

Your currency crashes because of highly-unsustainable amounts of current account deficit and sky high inflation. Nothing else. Raising interest rates will only reduce economic growth.

 

[Foinikas]

Wait,did I just see that?

Did MMM-E actually criticize Erdogan? Is it true?

 

[MMM-E]

Your currency crashes because of highly-unsustainable amounts of current account deficit and sky high inflation. Nothing else. Raising interest rates will only reduce economic growth.

Inflation increased from 25% to 85% as a result of wrong interest rate and Dollar policy in september 2021 by ERDOGAN

ERDOGAN fired economy ministers and central bank governors who oppose his own economic policy

With the new cabinet , ERDOGAN leaves the economy to the competent person

 

[Defencelover1997]

Turkish economy is growing and yet you have negative foreign currency reserves,people complaining about salaries,pensions and prices and you have entire cities to rebuild after the Earthquake. Not to mention,help these people who were internally displaced.

bro.you should worry about your own country.as your country had gone bankrupt quite a several times in previous decade.who knows maybe again can be bankrupt this decade?

 

[Foinikas]

bro.you should worry about your own country.as your country had gone bankrupt quite a several times in previous decade.who knows maybe again can be bankrupt this decade?

Then what's to worry about? We're not trying to be a "superpower" like Turkey

 

[Defencelover1997]

Then what's to worry about? We're not trying to be a "superpower" like Turkey

maybe.but Turkish people are quite resilient. They never bankrupted their economy like Greece. btw your repayment of loan you have taken is nearing. be careful plz.

 

[Foinikas]

They never bankrupted their economy like Greece.

"On February 19, 2001, Prime Minister Ecevit emerged from a meeting with President Sezer saying, "This is a serious crisis."[10] This underscored financial and political instability and led to further panic in the markets. Stocks plummeted and the interest rate reached 3,000%. Large quantities of Turkish lira were exchanged for U.S. dollars or euro, causing the Turkish central bank to lose $5 billion of its reserves.

The crash triggered even more economic turmoil. In the first eight months of 2001, 14,875 jobs were lost, the dollar[11] rose to 1,500,000 liras, and income inequality had risen from its already high level.[12]"

2001 Turkish economic crisis - Wikipedia

en.wikipedia.org

btw your repayment of loan you have taken is nearing. be careful plz.

What do you care,son? You're in Pakistan. Shouldn't YOU be worried too?

 

[dani191]

Wait,did I just see that?

Did MMM-E actually criticize Erdogan? Is it true?

View attachment 934517

i think its problem of big trade deficit of turkey

 

[MMM-E]

"On February 19, 2001, Prime Minister Ecevit emerged from a meeting with President Sezer saying, "This is a serious crisis

ERDOGAN saved Turkish economy in 2002 , just after 1 year

and Turkish GDP has risen to $960 billion from $240 billion between 2003 and 2013


on the other hand the Greek economic crisis started in late 2009 and still continues even Germany-France help Greece

Greece can not pay its huge debt until 2060

and Greek GDP fell to $239 billion from $331 billion between 2009 and 2023


better worry about your bankrupt Greece
Turkish economy is alive and bigger than Greece+Iran+Egypt combined

 

[Foinikas]

and Turkish GDP has risen to $960 billion from $240 billion between 2003 and 2013

And what happened after 2014?

on the other hand the Greek economic crisis started in late 2009 and still continues even Germany-France help Greece

Greece is much better since 2019,I don't know if you've noticed

Greece can not pay its huge debt until 2060

You never know. Maybe we'll discover oil and gas

better worry about your bankrupt Greece
Turkish economy is alive and bigger than Greece+Iran+Egypt combined

I don't worry. You should worry about Turkey,because you keep bragging all the time. You're being arrogant,like always.