Whatever their politics, Turkish businesses are suffering from rampant inflation. Even after many Turks bought liras with dollars, the Turkish currency continues to tumble.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
The fallout from Turkey's economic crisis may have eased somewhat, but the worst of it does not appear to be over. As DW's Gunnar Köhne reports, it is the country's poor who are being hit hardest.
Turkey's central bank has pledged to take action after the annual inflation rate hit the highest level since 2003. The weak lira has seen consumer prices increase rapidly lately, and the worst may not be over yet.
The Turkish inflation rate hit 25 percent year-over-year as the economy teeters. President Erdogan responded by calling on the state to raid stockpilers and asking people to inform police of price increases at shops.
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