Unconventional monetary policies are the cause of high inflation
In the WELT 2024 report published by the London-based economic organization CEBR, it is estimated that the Turkish economy will become the 17th largest economy in 2038. The report also points out that high inflation in Turkey is caused by unconventional monetary policies.
12punto
CEBR, in its World Economic League Table (WELT) report, predicted that Turkey will become the 17th largest economy in 2038.
According to the WELT 2024 report, the Turkish economy was the 19th largest economy in the world in 2023.
The report also notes that Turkey was the 17th largest economy in 2008 and even rose to 16th in 2013, but fell back to 19th place in 2019.
UNCONVENTIONAL MONETARY POLICIES ARE THE CAUSE OF HIGH INFLATION
Coming to the present day, Turkey is positioned as an upper-middle-income country with a GDP per capita of 41 thousand 888 dollars as of 2023.
Accordingly, the report, which points out that Turkey followed a different strategy from the global environment by lowering policy interest rates from 15 percent to 8.5 percent between December 2021 and May 2023, emphasizes that high inflation stems from unconventional monetary policy.