Turkey’s Conundrum: How robust growth and poverty go hand in hand?

Turkey’s Conundrum:  How robust growth and poverty go hand in hand?

• Welcome to another monthly report from the Turkish economy.

• In this installment, we focus on Turkey’s high GDP growth rate and soaring poverty.

• It is very unusual to find an economy where the trickle own theory doesn’t work.

• Growth to slow down in 2022, as inflation hovers around 20% or more.

• Understanding the exchange-rate inflation spiral.

• This means poverty will continue to rise, becoming a political menace, as well as a threat to the livelihood of millions.

• Erdogan administration is rolling out a social expenditure package, will it ease the pain?

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