Economic commentary from Özgür Demirtaş: Unemployment will rise

Following Moody's decision on Turkey on Friday night, Prof. Dr. Özgür Demirtaşmade statements on his social media account. Stating, "We are entering a very difficult year as a country economically. But I also have good news," Demirtaş summarized the problems Turkey will face in 2024 in four points.

LISTED BY POINTS

Demirtaş expressed the following:

• Unemployment will rise. Some people will lose their jobs.
• Zombie companies will go bankrupt.
• Credit will become even harder to find.
• Those accustomed to cheap money will cry.

Stating that if structural reforms are implemented and the correct monetary policy is continued, a slight recovery will begin in the second half of the year, Demirtaş emphasized that under these conditions, 2025 will be better. 

Touching on the other side of the coin, Demirtaş noted that if structural reforms are not implemented or are interrupted, the 'pain' will continue.

We are entering a very difficult year as a country economically. But I also have good news. Read until the end.

?? Unemployment will rise. Some people will lose their jobs.
?? Zombie companies will go bankrupt.
?? Credit will become even harder to find.
?? Those accustomed to cheap money will cry.

but if what I have been saying for years...

— Özgür Demirtaş (@ProfDemirtas) January 14, 2024

News Source: 12punto