Trust me even I dont know loolWhy does your copy paste from twitter always have all this other code around it each time lol. I have noticed it only happens with your posts.
Probably iam doing something wrong while Iam posting the news though
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Trust me even I dont know loolWhy does your copy paste from twitter always have all this other code around it each time lol. I have noticed it only happens with your posts.
Trust me even I dont know lool
Probably iam doing something wrong while Iam posting the news though
Yeah, I used to think it was just Erdogan being stupid and firing people because they were going against his ideas but the consistency with which people are getting fired JUST as the lira is showing SOME promise of stability and recovery, it's way too suspicious.There's no way its not intentional anymore.
Either its done on purpose or people around him influence him to make these decisions in their best interests (to bet against the Lira and make quick profit).
Turkish opposition have been shouting it for years. Saying this advice is called being HDP-LGTB supporter.Maybe Turkey want to get lesson from Indonesia. After we were struck with Asian Financial Crisis in which the hardest blow was in 1997 until middle of 1998 (Soeharto resign and Habibie economic formula (+the help of Allah) bring Rupiah to stability and much higher value compared to when Rupiah fall down from 2.500 per USD into 18.000 per USD in 2018).
Some of of the main commitments that I want to post are :
1. Bring down debt to GDP ratio into lower level (before Pandemic, our debt to GDP ratio is 30 %, now 40 %)
2. Discipline in maintaining deficit in Gov budget not more than 3 % of GDP. (Due to Pandemic, the cap is raised into around 6 %, but it will be decreased gradually and reach 3 % level in 2023)
3. Separation of Central Bank with Administration. Central Bank should be given freedom in doing monetary policy and inflation control.
I don't get the exports defense. More exports is technically good but Turkey is exporting more because everything is so cheap not because the country is actually manufacturing much better quality products. That's even worse than low exports because it means that if the lira starts rising but the quality does not drastically improve, then investors will quickly move their money elsewhere even cheaper or higher quality and export numbers will drop again.Turkish opposition have been shouting it for years. Saying this advice is called being HDP-LGTB supporter.
"Some suckers think that the economy is bad because the dollar is rising. economy is very good. We are exporting."
The current president owes his throne to Turkish Budget which reigns as sultan.
I don't get the exports defense. More exports is technically good but Turkey is exporting more because everything is so cheap not because the country is actually manufacturing much better quality products. That's even worse than low exports because it means that if the lira starts rising but the quality does not drastically improve, then investors will quickly move their money elsewhere even cheaper or higher quality and export numbers will drop again.
Perfectly explained. ✔The logic here is that a weak lira will increase Turkey's competitiveness in manufacturing. Foreign companies will see this and start investing more in Turkey. Their investments will bring new technologies and methods to the Turkish manufacturing sector, which in turn will increase Turkey's overall productivity. In the long-run, even as the lira recovers, this increased productivity will compensate for that increase and Turkey will remain an export-based economy.
Our not- so-skinny prime minister in 80s and 90s, Turgut Ozal, would rave this idea to grow with a weaker currency, and a bit of inflation as a side dish. Decades after we still discuss productivity and growth through weaker TL, but we are still dependant on energy, raw material, intermidiate goods, and machinery. More export, unfortunately, also means more import. We are simply increasing the trade volume…
You have a valid point. It should be noted however that currently exports are increasing faster than imports, meaning that as volume increases the gap closes between the two. Also a weak lira makes some imported intermediate goods prohibitively expensive, forcing Turkish manufacturers to look for local solutions (if not already present, there is a even stronger incentive to develop local sub-components). By this a greater fraction of the value chain of Turkish goods will be from Turkey (reducing imports and boosting exports even more).
Exactly, that is why export figures are not be a measure for a country whose currency loses its value 30-35 percent each year!!I don't get the exports defense. More exports is technically good but Turkey is exporting more because everything is so cheap not because the country is actually manufacturing much better quality products. That's even worse than low exports because it means that if the lira starts rising but the quality does not drastically improve, then investors will quickly move their money elsewhere even cheaper or higher quality and export numbers will drop again.
Wow , another akpian from abroad loving tl to be weak as much as possible!!Perfectly explained. ✔
Who says that Turkey's productivity hasn't grown? Please provide a source.Our not- so-skinny prime minister in 80s and 90s, Turgut Ozal, would rave this idea to grow with a weaker currency, and a bit of inflation as a side dish. Decades after we still discuss productivity and growth through weaker TL, but we are still dependant on energy, raw material, intermidiate goods, and machinery. More export, unfortunately, also means more import. We are simply increasing the trade volume…
Currency value decrease does not bring any advantage to any country!!
Could you compare currency graphs of both countries?? Let's see what china did ,what we did. Also send export graphs too if you defend weak lira as a better case for exports!!Ever heard of a country named China?
Could you compare currency graphs of both countries?? Let's see what china did ,what we did. Also send export graphs too if you defend weak lira as a better case for exports!!
I already proved by giving you numbers that it is not a good thing!!
Could you also do that?? Let's compare , come on send the figures for China!!
And speaking from abroad is very easy and very good for you when tl lose its value!!