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Turkey - Crisis Deepens with $48Bn Current Account Deficit due to Fuel Costs & Lira Crash - Joe Blogs
Turkey is facing a Huge Cash Crisis as a combination of the crash in the value of the Turkish Lira, rising fuel prices and a negative Balance of Trade has resulted in a $48 Billion Current Account Deficit. Added to this INFLATION in December is still running at over 64% putting more financial pressure on the people of Turkey. In this video I provide more details and insight into these issues as well as discussing the ongoing Veto of Sweden & Finland's applications to join NATO and the upcoming election for the new President.
Chapters:
0:00 Intro
2:08 INFLATION
5:52 ENA GRUP
6:54 GLOBAL INFLATION
8:33 INTEREST RATES
9:53 REAL INTEREST
12:43 BALANCE OF TRADE
15:13 NATO
17:09 ELECTION
18:24 SUMMARY & CONCLUSION
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