Drought can hit from 2 arms

Hub While Central Bank of Turkey (CBRT) President Şahap Kavcıoğlu drew attention to the possibility of rain after February and stated that he did not expect a drought, two drought-related critical risk warnings appeared in the Inflation Report. of the Central Bank. The report states that the global food problem experienced last year will follow a more moderate course this year thanks to reduced interruptions in the supply chain and lower transportation costs. On the other hand, China’s openness policy and geopolitical events pose an upside risk to commodity prices.

In the inflation report it was indicated that the second negative impact of the drought, which will be reflected in the country’s economy and inflation, is manifested in a decrease in the production of electricity, an increase in energy imports and a increase in the current account deficit. In the report, “While domestic power resources coming online this year will affect power imports on the downside, the decline in hydropower and electricity production due to drought will pose an upside risk to power imports.” Energy.
can create”, he warned himself.