I prefer a 5% growth and an inflation rate of 2% over a 10% growth figure and 20% inflation hike on every given day. Sustainability is key.
Sustainability is key, but there's no sustainability with strong TL.
In 2011 the TL / $ exchange rate was around 1.80, but Turkey ran over 60 Billion $ trade-deficit.
By 2019 with successive weakening of TL Turkey had 21 billion $ trade
surplus.
Surplus went into deficit again in 2020 but only because of negative Corona-Tourism.
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
www.macrotrends.net
Turkey needs to follow export-growth based development model like China / Germany (running trade surplus) instead of USA / France model running large to very large trade deficits.
Together with Sakarya gas in Black Sea (substituting energy imports) and export-based growth model (weak TL) Turkey will be fine in mid- or end of this decade. Until then, unfortunately, there'll be some economic pain for population not having the high-life instagram-lifestyle.
Germany doesn't pay top-salaries also, there's a vast low-wage sector but they've very low unemployment numbers, high trade-surpluses, are running the show in EU because they've vast financial power backed by their export economy, and travelilng even in rural Germany you'll see one industrial factory after another.
I can go more deep explaining what happened in Germany after millenium with some reforms (initiated by Schröder) basically establishing low-wage economy in Germany. Instead of devaluating their currency (they couldn't because of €) they "devaluated" salaries in Germany.