Turkey’s economic struggles

<div>Turkey’s annual inflation rate hit 36.1% in 2021, the highest in President Erdogan’s 19 years in power. In the meantime, the Lira has lost more than 40% of its value. <a href="https://www.bruegel.org/author/maria-demertzis/">Maria Demertzis</a> sits down with <a href="https://www.bruegel.org/author/elina-ribakova/">Elina Ribakova</a>, Deputy Chief Economist of the Institute of International Finance, and <a href="https://www.bruegel.org/author/refet-gurkaynak/">Refet Gurkaynak</a>, Professor of Economics at Bilkent University, to discuss the circumstances that have contributed to these developments and the outlook for Turkish economy.</div>