Worth noting that from 2008 to 2025 the GBP/TRY exchange rate has gone from around 2 TRY to 1 GBP to 55 TRY to 1 GBP.
Reposted from
Giles Wilkes
Ok, my mad heresy for the day. Turkey's macro policy has been idiotic, foolish, reality denying.... But look at the longer term result- on.ft.com/4nnHccW via @financialtimes.com
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GDP does not show the whole picture.