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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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.