All governments of failed economies share one common trait – zero tolerance for opposition. The tolerance for opposition test can reliably predict the future fault lines of seemingly robust economies. Xi Jinping should be worried.
Turkey’s current-account deficit stood at $2.68 billion in November, in the absence of a significant boost from tourism income and amid a widening gap in the trade of goods https://t.co/ZXRo1yZYdD
— Bloomberg (@business) January 11, 2022
— Ali Safavi (@amsafavi) January 4, 2022
Turkey’s economy hasn’t had a break from turbulence yet https://t.co/6SviPM7uZ6
— Bloomberg (@business) January 10, 2022
In a pathetic attempt to replenish its foreign exchange reserves & support the Turkish lira, #Turkey will require exporters to convert a quarter of their FX earnings to liras. This is nothing more than a tax on exporters & a form of FX controls. https://t.co/Dj7qLt8vqi.
— Steve Hanke (@steve_hanke) January 7, 2022