IMF’den önce son çıkış (Mayıs 31, 2018, Al Monitor)
Özellikle çevre ülkelerin yakın tarihinde “IMF’ye düşmek” diye bir tabir vardır. Bir türlü enflasyonla,…
Pumped with cheap and abundant credit since early June, Turkey’s economy has warmed up after a pandemic-ravaged second quarter in which it is estimated to have shrunk more than 10%. The revival, however, is fraught with risks, as the fresh slump of the Turkish lira demonstrated this week.
The loan-driven uptick in domestic demand has an array of side effects, including on inflation, which was near 12% in July, and the country’s gaping foreign exchange gap, which had already depleted central bank reserves, when the embattled lira took another nosedive Aug. 6, plunging to record lows. The economic warm-up might well prove a false spring and devolve into a stormy season in October.