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US News Inflation in Turkey much worse than expected, the collapse of the book in question!

00:45  04 december  2021
00:45  04 december  2021 Source:   ouest-france.fr

Mohamed Ben Zayed, Crown Prince of the United Arab Emirates, will meet Recep Tayyip Erdogan

 Mohamed Ben Zayed, Crown Prince of the United Arab Emirates, will meet Recep Tayyip Erdogan © AFP - Hannah McKay The Crown Prince of the United Arab Emirates Mohamed Ben Zayed. This is the first time that the two leaders meet in Turkey for almost ten years. Since the Arab Spring, the two countries oppose almost all major diplomatic files in the region. with our correspondent in Dubai, Nicolas Keraudren is a pragmatic reconciliation. Although diplomatic interests between the United Arab Emirates and Turkey still diverge, the rapprochement between the two countries is very concrete.

To generate more , Turkey first needs stability and it is what lacks most during the Ak Parti governments. Ak Parti generates enemies, interior and exterior; first secular and Kemalist people are enemy, now FETÖ and Kurds are the enemy. Syria is an enemy, Iraq had been an enemy but after Nort Iraq Referrendum I am not an economist by profession but from what I understand from the artciles and books about it, I can say that inflation is high because Turkey cannot generate necessary amount of products and services, cannot generate enough revenue overall, but spends too much money.

Turkey is slashing rates in the face of rising inflation – which only developed economies can, while not understanding “transitory”. As the lira collapses against the Dollar, Ankara seems to be sending the signal this FX metric does not matter. Regardless, markets are already seeing lunatic volatility anyway, with hedge funds allegedly piling out, retail pundits piling in, and some funds almost certainly seeing year-to-date gains made via let’s-ignore-underlying-risks-and-buy-all- of - the -things strategies suddenly wiped out, leaving them only a few trading days between now and year end to ensure their

L’inflation en Turquie bien pire que prévu, l’effondrement de la livre en cause ! © Pixabay Inflation in Turkey much worse than expected, the collapse of the book in question! At the highest for three years, inflation is four times higher than government forecasts.

Inflation continues to jump in Turkey. The increase in consumer prices reached 21.31% year-on-year in November in Turkey (+ 1.5 points compared to October), after the Turkish pound tumble, according to official figures published on Friday. This inflation, more than four times higher than the initial goal of the government and the highest for three years, is explained in particular by the fall of the Turkish book, which saw its value melt of more than 45% against the dollar since The beginning of the year and nearly 30% since the end of October, which adds imports.

Bundesbank warns against risks on German real estate market

 Bundesbank warns against risks on German real estate market The Bundesbank sees the prices for houses and apartments in Germany with increasing concerns. © Jens Kalaene / dpa central picture / dpa The Bundesbank sees the increased real estate prices in Germany with concern. "According to our calculations, residential real estate prices are 10 to 30 percent above the value justified by fundamental data.

Press question mark to learn the rest of the keyboard shortcuts. A few years ago, the emerging consensus was that China's economy was on a trajectory to overtake the US. Today, that has largely changed and everyone from Peter Zeihan to Stratfor to Steve Bannon appears to believe (like an article of faith) that China's economy is on a trajectory of collapse , which will lead to China's implosion as a political entity.

The expected inflation rate and the natural unemployment rate varied considerably more than they had in the 1960s, causing the Phillips curve relationship to shift erratically. The inflationary impact of a supply shock will be reinforced, if what? the intersection of the AD and SRAS curves must be to the left of the LRAS curve, thus a policymaker might consider using expansionary monetary policy or expansionary fiscal policy to shift the AD curve to the right, to bring the economy to its full-employment equilibrium.

In October, inflation reached 19.89% in annual sliding. Turkish President Recep Tayyip Erdogan, who replaced the Minister of Finance on Wednesday by his deputy, again rejected this week any inflection in his controversial economic policy. The head of state thus continues to advocate low interest rates, arguing back in conventional economic theories that high rates promote rising prices.


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The key number a new Once lowered

Faced with the prospect of new interest rate cuts, the Fitch Ratings rating agency has announced Friday to have lowered, stable to negative, the prospect of Turkey's sovereign debt. In accordance with the wish of the President, the Turkish Central Bank - officially independent - lowered its key rate in November (from 16 to 15%) for the third time in less than two months, at the risk of further increasing inflation. Turkey is experiencing two-digit inflation almost no discontinued since the beginning of 2017, making the cost of living hardly bearable for many families.

Inflation in Turkey much worse than expected, the collapse of the book in question! .
© Pixabay Inflation in Turkey much worse than expected, the collapse of the book in question! At the highest for three years, inflation is four times higher than government forecasts. Inflation continues to jump in Turkey. The increase in consumer prices reached 21.31% year-on-year in November in Turkey (+ 1.5 points compared to October), after the Turkish pound tumble, according to official figures published on Friday.

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This is interesting!