Turkey’s Erdogan fails to get double-digit inflation under control ...Egypt

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Turkey’s Erdogan fails to get double-digit inflation under control

Turkey’s economic woes are nothing new. The country’s official currency, the lira, has been on a downward slide for the past two years, forcing President Recep Tayyip Erdogan to announce tough monetary and fiscal measures to stop the decline. And that’s not all he’s done. He also fired his central bank chief, Murat Uysal, and the finance minister, his son-in-law Berat Albayrak, who officially left office for health reasons. Nothing seems to have worked, however, and little has improved in Turkey. The lira remains anemic, food and consumer prices have dramatically increased, and life for people in the country has grown all the more difficult — not to mention more expensive. According to consu

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