‘The economy will get worse in 2024’
While citizens try to make ends meet with inflation, which has been increasing for almost 5 years, the decrease in purchasing power due to the depreciation of the TL provokes the expectation of a darker outlook for the economy for next year. Most citizens think that the economy will be worse in 2024 than this year.
SAROS Research kept track of the agenda in 30 metropolitan cities. According to the results of the “Turkey Policy and Agenda Research” conducted with 2,260 people, the majority of the public thinks that the economy will be “very bad” in 2024. While 57.5 percent of the public thought that the situation would be worse than now, 11.4 percent said they thought it would be the same. Those who said “it would be good” remained at 23.7 percent, while 7.3 percent expressed no opinion.
‘NO ONE CAN SOLVE IT’
“In your opinion, what is the most important problem in Turkey today?” The answers given to the question are economy with 70 percent, unemployment with 6.2 percent, justice with 5.6 percent, wars with 3.7 percent, refugees with 3.4 percent, education with 2.8 percent, security with 1.7 percent, government with 1.4 percent, terrorism with 1.2 percent. Percent, pensions were low: 1.2. While 33 percent of citizens answered the question “Which of the political parties can solve these problems?” and answered “none”, constituting the majority, 24 percent thought the AKP would solve the problem and 11.2 percent said the CHP would solve it.
Mehmet ÅžimÅŸekli’s administration failed to reduce inflation
While interest rates have risen rapidly in the five months since Mehmet ÅžimÅŸek took over as Minister of the Treasury and Finance on June 4, the dollar exchange rate has been partially liberalized. Historic tax increases were made, especially on fuel and MTV, and the tax burden on citizens was doubled. ÅžimÅŸek’s promise was to attract foreign capital and eliminate the risk of a balance of payments crisis, reduce domestic demand and reduce inflation. Over the past five months, inflation has risen rapidly, along with exchange rate and tax increases, and real wages have eroded. The expected foreign capital has not yet arrived. The current economic situation has reduced citizens’ hope and increased pessimism.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.