Imagine this is going for at least a decade like this, here a summary of the situation...Kind of beating a dead horse or two here on this thread....ppl either get it or they dont at this point.
Exports is half the picture of the current account.
Current account is half the picture of the Balance of Payments.
The BoP is only some portion of the economy.
Half of a half of a portion.....what % relevance its going to be in best case scenario?
There is basic reason increase in exports has caused large increase in imports too (i.e how much net value added actually goes on in Turkey)
CA deficit is relatively unchanged...and has marginal affect on the bludgeoning Turkey economy is taking from inflation at large....made worse by decreasing interest rate ...that too without fixing the structural issue.
Changing a dial setting to slightly benefit 10% of economy (at best) to huge detrimental cost of 90% is madness.
Investment is the only thing that helps to transmit an equitable lever.....and is precisely the thing turkey has largely missed out on (commensurate to its development and consumption levels) in the preceding decade.
Just search my posts in this thread...some people are still talking about exports as be all end all...when it is just one part of much bigger thing (in both time and space).
Mod Edit: Memes are not allowed in serious threads!