Turkey’s economic struggles

Turkey’s annual inflation rate hit 36.1% in 2021, the highest in
President Erdogan’s 19 years in power. In the meantime, the Lira
has lost more than 40% of its value. Maria Demertzis sits down
with Elina Ribakova, Deputy Chief Economist of the Institute of
International Finance, and Refet Gurkaynak, Professor of
Economics at Bilkent University, to discuss the circumstances
that have contributed to these developments and the outlook for
Turkish economy.