Turkey in Deep Trouble - Joe Blogs
Turkeys inflation crisis is far worse than the headlines suggest and the real damage is now becoming clear.
In this video, we break down whats really happening inside the Turkish economy by looking at three key indicators: consumer prices, producer prices and retail sales.
Using real data, we show how:
A product that cost 100 lira just three years ago now costs over 300 lira
Producer prices are not keeping up, squeezing Turkish businesses
Retail sales are rising in nominal terms but collapsing in real terms
Consumers are being forced to spend more, while actually buying less
This is the hidden story behind inflation not just rising prices, but a full economic squeeze affecting businesses and households at the same time.
Even though inflation is starting to fall, prices are still rising rapidly and the gap between wages, costs and spending is widening.
Chapters:
0:00 Intro
0:21 INFLATION
4:18 PRODUCER PRICES
6:48 MARGINS
9:27 RETAIL SALES
13:26 IMPLICATIONS
12:21 SUMMARY & CONCLUSION