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No short term recipe to curb inflation

11 6 3

Once again, high inflation has definitely become one of the biggest challenges the Turkish economy is facing. Some parts of the economic administration have seemed to overemphasize boosting the economic growth. However, this trend has triggered some structural weaknesses in the Turkish economy, including its current account deficit and has wooed some former demons, such as high inflation.

Last week, a top economic representative from the main opposition Republican People’s Party (CHP) said the largest complaints that have come from Turkish citizens have been mainly about economic problems, namely a significant rise in the cost of living and unemployment rate.

Even the recent poll by the ruling Justice and Development Party’s (AKP) has confirmed this, as the public opinion poll had indicated economy as the most important problem in........

© Hürriyet Daily News