Video Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?


CPI soared by 6.5% in January and 65% per annum.

• As far as combatting inflation goes, Mehmet Simsek’s economic stabilization program is a mess.

• Are there any other areas where Mehmet Simsek made progress?

• Inflation will get worse, as election related spending boosts domestic demand.

• How long will Erdogan tolerate Simsek?

• Will Turkey go back to bad old days of “heterodox” economic policy?

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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 and has contributed to the financial daily Referans and the liberal daily Radikal.