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Turkey's Economy in Trouble a month before election
[Money.CNN] Recep Tayyip Erdogan is asking Turkish voters for another term as president. They may say no because of a feeble currency[two years ago, it was about 3 lira/$, a year ago about 3.5 lira/$, today about 4.7 lira/$ - all official exchange rate] and runaway price hikes. The economy has become a major issue in Turkish elections scheduled for Sunday thanks to inflation that's running at 12%, and a currency that has dropped to a record low against the US dollar.... "The economy is terrible. It's over. Everyone except for [Erdogan] and his sultanate is suffering," Nusret Barak, a retiree, told CNN in Istanbul. "There is nothing at our breakfast table anymore ... I have less cheese, I have less bread, I have fewer olives [note this guy correctly uses the words 'less' and 'fewer' - many educated English speakers don't]. Posted by: lord garth 2018-06-22 |
| http://www.rantburg.com/poparticle.php?ID=516878 |