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Amidst its inability to pay ... Turkey's foreign debts reach 300 billion dollars

2020-10-13T20:45:47.034Z


Damascus-SANA, Evidence and indications continue to show the extent of the stifling economic crisis that the Turkish regime is going through as a result


Damascus-Sana

Evidence and indications of the magnitude of the stifling economic crisis that the Turkish regime is going through as a result of the reckless economic policies of its president, Recep Tayyip Erdogan, are continuing. On repaying its foreign debts, which amounted to $ 300 billion.

The warnings that Lachman gave in an interview with the news site Liberal today coincide with what the Turkish Trade Union Union revealed that the new statistics for the number of unemployed in Turkey exceeds the number officially announced by the Turkish regime authorities by six million people, according to a report quoted by Zaman newspaper. Turkish.

Lakman, who confirmed that Turkish companies and banks will soon face problems in repaying about $ 300 billion of debt due to the weakness of the economy and the currency in the country, described Turkish economic policies as “far from reality,” as he said: “The Turkish economy is separate from reality, which is evident in excessive optimism. Included with the latest economic program announced by Prat Albayrak, Erdogan's son-in-law, late last month.

The international economic expert believes that those in charge of the Turkish economy are ignoring their optimistic statements about the Coronavirus pandemic and its repercussions, which deepened the wounds of the economy, in addition to the decline of the Turkish lira by 25 percent this year and the disappearance of most of the Turkish Central Bank's foreign currency reserves.

In this regard, the new figures of the Turkish Statistics Institute indicated that the quarterly decline between April and June was the largest contraction in Turkey in more than a decade, after Fitch Ratings cut the Turkish economic prospects last August to a negative degree due to the decline in monetary reserves and weak confidence in Ankara's policy. Financial.

The Turkish Trade Union Confederation confirmed in a new statistic today that the total number of unemployed people in the country who lost their jobs due to the Corona crisis last July reached 10.4 million people, representing about 29.1 percent of the total population.

Fahmy Shaarawi

Source: sena

All business articles on 2020-10-13

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