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Turkish Economy Facing Pressure of Inflation

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Turkish Economy Facing Pressure of Inflation
24 Nov 2021
4 min read

News Synopsis

The conditions in Turkey are improving day by day. While on the one hand where the sanctions are being removed and the foreign relations are improving, on the other the country is continuously facing some sort of internal troubles. Among all these issues, the rise in the rate of inflation is a major matter of concern. The continuous increase in the prices of items like food, fuel, and transportation has become a serious problem for the common people of Turkey. The increased prices are not expected to decrease any time soon. Inflation is not only an issue for the common people but is also a threat to the financial system of the country. The declining economy is disturbing the whole system of the country.