Can foreign money save Turkey's economy?

Turkey has become a top destination for wealthy Gulf tourists injecting much-needed dollars into the country’s economy. But tourism is only a fraction of the capital pouring in from the Middle East.
Between 2016 and 2019, Qatar increased its investments in Turkey by nearly 500%, replacing countries like Germany and Russia as its second largest foreign direct investor.
Toward the end of 2021, a policy of détente toward Saudi Arabia and the United Arab Emirates began, allowing Turkey to secure accords worth billions of dollars with its former rivals.
“Turkey has big gross external financing needs, which is basically demand for dollars,” said Timothy Ash, an emerging markets strategist at BlueBay Asset Management.
“It was logical to go offshore. Go abroad, try and find someone to give them the dollars.”
Since 2019, the Turkish central bank spent more than $100 billion to keep the lira afloat due to an ongoing currency crisis.
Gulf states offered relief, either in the form of currency swap lines or direct deposits. But critics warn these short-term measures to boost foreign exchange reserves may not cure the country’s chronic problems.
“Turkey is spending more than it can and it should. It borrows money from the so-called friendly countries to finance its short-term capital needs. This obviously cannot continue for a long time,” said Bilge Yilmaz, chief economist of the opposition Good Party.
Watch the video to understand why Turkey needs Gulf money.
#CNBC #Turkey #Erdogan #MiddleEast #SaudiArabia #UAE #Qatar #Egypt
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[@GuruKhatri1]

Nice to see Middle Easterns countries helping each other instead of fighting wars

[@GuruKhatri1]

@@Yigit-- go learn geography and history. Turkey is in the Middle East and Turkish language came from Central Asia.

[@GuruKhatri1]

@@Yigit-- 🤣 98% on Asia and 2% Europe makes Turkey Eurasian.

[@lou6749]

​@@GuruKhatri1 yo bro wassup smoke a doobie first this way you have an excuse for your silly comments 😂😂

[@malingrer7208]

Nobody helps noone dude.

[@user-ry2qs7xf9k]

Middle Easterns countries are not fighting each others.

[@abdullahshah9397]

Here is an idea: How about turkey fixes its own economy.

[@cwalenta656]

Indeed, somehow governments get fixated on funny money games that DON'T work.

[@ALBERT-oj1vn]

Exactly and totally agree with you. Gulf money comes with political caveats also that effects the neutrality of Turkey with its neighbors also. We are talking about Arab creditors that are ruled by totalitarian and extremist heads of state that cares nothing human rights or liberal values.

[@user-qx9zn2cj4e]

@@ALBERT-oj1vn dingdong take. What money doesn’t come with caveats. Totalitarian heads of state didn’t invade Iraq, Libya and Syria to steal their oil- democratic western heads of states did.

[@Kiki-en9vm]

Exactly.

[@kasbas5922]

@@ALBERT-oj1vnErdogan IS the problem, plain and simple !!

[@AKT0B0S]

🇹🇷 🤝🏻 🇦🇷 Financial mismanagement

[@turan2815]

We are not like you

[@missema8062]

There has been an opening to Saudi- Turkish relations. So I expect more economic cooperation

[@jkardez4794]

The day its economy improves it will start scratching again.

[@Kiki-en9vm]

Relying on money from other nations is a bad idea.

[@hilestoby2628]

The speed of rising interest rates have caught nations with debt off guard. The rise makes payments more expensive especially those with poor credit ratings. Investments are reduced in those areas making it harder to generate business and pay off obligations to creditors.

[@Rehmaatesh]

True.

[@AKMShahabuddinJahour-fl5dr]

lP

[@ArabianQuirkSA]

Saudi Arabia been helping them and they deny the support, they don’t even deserve anything. Ungrateful

[@Jam-ku5tf]

Why Saudi cut ties with Qatar ?

[@SquaredCircIe]

Stop attacking Yemen and shtfu

[@ArabianQuirkSA]

@@SquaredCircIe we never attacked yemen. We only helped Yemen against Iranian backed houthi rebels

[@user-xn7tq6wy6z]

@@ArabianQuirkSA Religion is the cause of ALL wars and conflicts ALL religions should be banned

[@aqeel-3771]

well you should know that they didnt like ulot breaking up their empire if you dont know.

[@fishing-gardening-travelling]

Turks are my brothers and sisters. I'm going to Turkey Antalya 🇹🇷 in August 2023 to support their economy.

[@aligenc659]

where are you from bro?

[@johntresca8531]

@@aligenc659 Pakistan

[@leo-rf7ef]

Pakistan supporting turkey, poor fellow

[@jkardez4794]

Misery seeks company.

[@2msvalkyrie529]

Yeah.....things must be REALLY bad..?!?

[@saimadhavarao]

Nice and informative video, had no idea the situation in Turkey was so dire.

[@davidyolchuyev2905]

Short answer: because Turkey doenst have money. Bye

[@lou6749]

Turkey doesn't have money but they have alot of religious beliefs 😂😂😂 religion doesn't work ..

[@user-el6xm2pk7x]

​@Lou your an idiot actually Turkey is an expanding and growing economy Look at the West mate collapsing before your eyes...I hope you can actually read graphs If you think his economic policy of reducing interest rates was stupid you better look at Argentina with dammm high interest rates and inflation rates is high as well...why you think Argentina is turning towards BRICS

[@mahimjr1971]

​@@lou6749 money itself a belief

[@nicoleabdi9631]

@@lou6749 religion work for Qatar uae,dubai, and other gulf countries lol

[@lou6749]

@@nicoleabdi9631 religion works for these nations you mentioned and more if they want to play the leader it's a cult 😂😂

[@americandreemdreamer8901]

Falling of lira is temporary and superficial. Turkish economy have great chance to become to top economy in Europe

[@KGDHMF]

As long as that maniacal dictator is at the helm I highly doubt it.

[@tenshimx2163]

Asia* Only 2% of Turkey is in Europe.

[@americandreemdreamer8901]

@@tenshimx2163 you are right. We are going take over some old lands

[@utku_baloglu]

@@tenshimx2163 thats 3% but also more than a lor of countries in europe. Keep crying

[@SA-gf3th]

In your dreams bro. They gonna go like greece

[@allysoobratty7565]

Turkiye should make Agreements with All Arab Countries to CONCLUDE Currency Swap....

[@berkbuyan]

When Türkiye solves energy issue there will be no more economic problem at all. Zengezur corridor is going to open soon, blacksea gas connection has just started a few months ago. And it is time to fix mediterranean sea energy issue. Not easy but we will succeed for sure..

[@Jamirio]

Nothing will happen if Turkey doesn't fix its identity crisis, for a strong economy you need elites and money, researchers and R&D funds... Turks are being replaced by foreign assets...

[@bob820]

Iraqis are the largest foreign investors in Turkish Property 🇮🇶🇮🇶

[@awaiskhan9329]

Interesting

[@Nur-nd3ij]

Because they are Türkmen not arab ones

[@bob820]

@@Nur-nd3ij So? They are Iraqis. Also, plenty of us and other gulf Arabs have summer houses there. Particularly in Istanbul.

[@istabraqrafea5432]

@@Nur-nd3ij You're mistaken. many of them are Arabs

[@theguy9166]

@@bob820 if they are turkmens, then they are not iraqi.

[@Kuyamoko123]

Every countries need other countrys money. West and Isael also got their money from africa and other countries

[@cwalenta656]

The answer is no because ultimately here's the thing, Turkey needs to STOP playing FUNNY MONEY games. STOP. It doesn't work. Balance the budget, peg the Turkish lira to some kind of currency board. Turkey isn't just a great country, it is an absolutely FANTASTIC country (I've been there) and should be far far wealthier. Sound money and Turkey will quickly rise and be at least as wealthy as many parts of the EU.

[@davidyolchuyev2905]

With the current religious government I don’t see that happening

[@cwalenta656]

@@davidyolchuyev2905 I agree but honestly not necessarily because of the religion. Yes, Erdogan cites Islam with respect to interest, I get that, but honestly government doing same in Argentina really. But yes, ultimately it has to fail and then they need to lay the foundation for better in places like Europe.

[@user-ry2qs7xf9k]

no Americans need to STOP playing FUNNY MONEY games.

[@napolien1310]

​@@davidyolchuyev2905 it isn't as religious as the media portrait it to be. That's acting for the Turkish people and other Islamic specially Arabs, we saw through it but a lot of people like him, the media coverage by Al-Jazira and the Islamic brotherhood movement was huge in the middle east. He say interest rates is not Islamic and the enemy of economic growth...etc and the media go wild with it, meanwhile his own government is the one that benefited from it before the American sanctions, and what kind of Islamc party pases laws to protect the rights of LGBTQ and prostitution to appease the EU!! He appear as the saviour of Syrians refugees for the Arabs meanwhile threaten the EU of sending the refugees towards them if they didn't support him financially to contain the refugees.

[@ImranKhan-en5se]

​@@user-ry2qs7xf9k learn to take criticism from someone more educated than you ....not all non muslims are enemies of islam ........you fool he is speaking truth .

[@sul6ans]

brothers ❤️

[@rizwanilyas4289]

Much informative

[@abcd-fs7zf]

In long years turkey isolated it self from the region but now they realized that they arent european and nato doesnt want them anymore

[@halilercancakmak4884]

We are European and and westernized. You will see after this election

[@skp8748]

Nato is useless without turkey

[@Goyim-phobic]

lol turkey is literally one of the most important countries in the NATO due to its strategic value

[@napolien1310]

​@@Goyim-phobic you are an Arab right!? I think I've seen you commenting somewhere in Arabic. Anyway yes they are important to Nato because of how close it is and the fact they can close the Marmara strait, but now they kinda have Ukraine Finland and the three Baltic countries, as for the strait they have Greece, and Nato have a number of problems with Turkey when they bought the Russian Rockets.

[@Goyim-phobic]

@@napolien1310 yes I'm arab

[@mikechil2948]

Bad relationships w every neighbor that’s Fact begging for money 💰 Mr erdog 😅

[@terabytes450]

Turkish gulf relationship cracked western foods sadly

[@jacobjonm0511]

which gulf is it?

[@Usernotfound987]

Aferin kiza bu aksanla kapmis isi

[@fost7166]

Turkiye is running out of money, the money will keep falling because of those economic choices, if Turjiye don"t change these strategies it will be realy bad.

[@lolscape6988]

❤äåå

[@harbinger6562]

Much love and prosperity 🇹🇷❤️💯

[@mustafakhaliqi4934]

Always did from 1900 Turkey has been rescued economically by west money which eventually cost them empire . And that would be always the case.. The only thing that Turkey has is it geopolitical location. Nothing else even Turkey is taking huge advantage of this situation still would be vulnerable cause Turkey hasn’t got anything to off-the-peg world.

[@abdulmalikissah6979]

What nonsense is this, don't you know that turkey is amongst the world leading producing textiles, cars, military equipment, agriculture and many more, this big projects your country can only dream, recently turkey discovered gas which they started pumping now, those Arab countries do not produce anything but importing, those arab countries now they are buying turkish drones and other military equipment, turkey is among g20 big economies, economic crisis is everywhere even in the uk

[@theguy9166]

@@abdulmalikissah6979 What? agriculture? NOT.

[@Jamirio]

Turkey was a self sufficient country since 1930 despite its bad economic performance...

[@strategic4124]

For Turkey to move away the western financial system , which is used to manipulate the Turkish currency The Bric's financial system is the future for global South , away from the USA and Anglo-Saxon hegemony

[@stevenhenry5267]

Hahahahahaha

[@alainpannetier2543]

CC guys: It's "rapprochement", not "reproachment" (not a word anyway).

[@adinitum4168]

I stopped the video due to her horrible English. What a waste of time.

[@liquidassets5491]

I need some net Errors and Omissions in my bank account

[@qo3398]

0:45 wtf is that map? are you trying to imply something by having countries takes big chunks of KSA?

[@user-cv2of4ve4u]

Which Islan do trukey follow???What is riba?????

[@Valuable34]

Turkish banks refuses all of the Russian company and/or related companyies!!!! This is so important for the Russian economy…

[@mikechil2948]

Turkey neighbors non of them like Turkey.

[@koreishite]

All European and the USA ARE RELYING on loans from other countries and mainly the USA.Japan is at 4 quadrillion loan

[@FusionBeat]

Kinda wrong on luxury goods, there is so much tax it’s basically cheaper everywhere else

[@aneeqmasters1412]

People from South Africa has been going to Turkey above any other country and we all in South Africa are banks allowed us to buy foreign currency is so lot of our people buy currency in Turkey now that his team are not work if that is one of the reasons

[@ebubekirbinici6031]

TURKEY NEED LOT OF THINGS. back in 96, Erbakan made a deal with iran where turkey imported gas was cheap. Erdogan canceled that deal and made a deal with russia where it cost 100 times more. All bc thats what USA and Israil wanted

[@macrobianson2g]

And now the Turks are finding gas in their country and the 100-year Lussane deal will end the Turks future look beautiful and rich

[@basharatali9946]

Now Russian oil and gas is cheapest in the world

[@ebubekirbinici6031]

@@basharatali9946 not for turkey. never was never has been. He made gas "free" during the summer time lmfao. people like you YOU ARE THE PRONBLEM

[@svart7716]

Turkey always bounces back. No worries.

[@muratadoris1263]

That makes one really sad. Everything done only to save the position. Short term and wrong steps to solve severe economic problems.

[@usg4357]

Almost as if there is an ulterior motive🤔

[@terabytes450]

Why Erdugan said bye bye IMF

[@brrkbtl]

Arab money cant save Turkry s economy but it helped Erdoğan save his chair

[@bufiye3840]

Some how we know who is behind LIRA fall 🤣🤣🤑🤑🤑

[@jkardez4794]

The most important job is to enroll Erdogan immediately into a decent school .

[@indrianirickum4111]

What kind education Erdogan has/ done???

[@HmmM-wn1dx]

News says he is not educated , making decisions based on his ego.

[@turan2815]

University in Istanbul

[@arbabmir3424]

Only new technologies and new developments in Self development in Science and new ways to do business will save Turkey.

[@talkinghand4839]

It could if Turkey changed whatever it's doing wrong now.

[@aminuaidara8601]

Washington is going through the same even shutting down some of their Banks I guess they're doing something wrong too especially when countries are not that thirs of the dollar 😂😂😂😂😂😂

[@naz0004]

Whoever follows Saudi Arabia in the Middle East will achieve stability and economic growth. Once Erdogan turned against MBS and the kingdom, his country suffered an economic crisis. I'm not biased but it's all facts. Saudi Arabia has the wealthy GCC countries under its umbrella + the closest strategic ally of the US + the closest economic ally of China + the leader of the most valuable resource on the planet along with Russia (OPEC +). Huge deals and investments in the EU, India and Egypt. Whether you like Saudi leaders or not, but you must admit that the leaders in the Kingdom know how to play chess in politics and use their money well to gain more power on the world stage. For example, Libya, Iraq, and Iran each one of them has more oil than Saudi Arabia, but they do not have a wise leadership that uses all these resources with mentality and balance!

[@QUINTUSMAXIMUS]

Turkey was going down since 2017 so before even problems with Saudi Arabia. They used to hundreds of billions invested from Europe, but Erdogan kept fighting with Europe, so the big companies in Europe, reduced their investments.

[@naz0004]

@@QUINTUSMAXIMUS I agree with you about EU ,but Saudi and Turkey been fighting since 2011-12 when Erdugan supported Arab spring specially in Egypt , then Saudi supported who's ruling now Alsisi .

[@napolien1310]

​@@QUINTUSMAXIMUS Turkey's problems with Saudi Arabia really started after he supported Qatar when Saudi Arabia cuts off its relation with Qatar and that's in 2017

[@napolien1310]

​@@naz0004 I've seen a report that say Saudi Arabia supported Egypt's economy between 2011-2012 with 4 or 5 billions so saying they didn't like or supported the overthrow of the government doesn't have bases, but not denying their appreciation or support of the new government or the fact they didn't like the Muslims brotherhood taking over.

[@ArabianQuirkSA]

You’re completely right

[@user-cv2of4ve4u]

Ai tuekey is the last straw that will determine which way the world goes

[@abdussametfiliz5484]

Turkish economy grew more high than the last 15 years.

[@user-xn7tq6wy6z]

Then why is Turkiye in financial crisis now ?

[@suchendnachwahrheit9143]

And it could collapse more than ever before this year.

[@serayca]

@@user-xn7tq6wy6z Usa is manipulating Turkish economy .They do the night shift in America ,England and Switzerland taking all dollars from Turkey market then they put back couple of days later..This happening last 10 years...Banks belong to Jewish people...

[@jacobjonm0511]

which Gulf are you talking about?

[@ziyadpepe6291]

The Arabian gulf The one Between the Arabian peninsula and nomen land

[@jacobjonm0511]

@@ziyadpepe6291 cannot find Arabian Gulf on the map

[@dainguyen784]

no it's Turkiye, remember? they change their name a year ago, how dare you call them Turkey LOL😅

[@sametsamet-sr3nj]

It is Türkiye ;)

[@emreyldz4324]

I as a Turk still call it Turkey. I think the cause is Erdogan doesn't know English and he wants to change it because Turkey means also an animal name in English. If you don't have a inferioty complex against this word you would not change the name. This name was given to us, our country and state by one of the most wisdom cultures on earth, Veniceans. I accept it. And proud to say i am Turkish and from Turkey.

[@jazairihilali6252]

Turkyia

[@RiotForcess]

​@@emreyldz4324 dont be that stupid

[@Burner-nf8ki]

Nothing new. Every country in the world since history will do whatever it must to benefit

[@aqeel-3771]

its in turkeys best interest that they listen to messenger boy Crown prince and come inline with the policies set by the big elite group and improve their economy.

[@bugunlukozel]

Yes turkey❤❤❤

[@user-cv2of4ve4u]

Again what is riba???

[@jerryrichardson2799]

Short answer: No.

[@incumbentvinyl9291]

Their dollars? Haha!

[@opansofian]

We as citizens of Indonesia 🇮🇩, Malaysia🇲🇾, Brunei Darussalam🇧🇳, Singapore 🇸🇬 Maldives🇲🇻 FULLY SUPPORT MR.PRESIDENT (RECEP TOYYIB ERDOGAN) WE LOVE YOU TURKIYE 🇹🇷 And MR.PRESIDENT ERDOGAN 🇮🇩🇲🇾🇧🇳🇸🇬🇲🇻 ❤️🇹🇷 From PACIFIC ISLAND Not Only MUSLIM , Jews Orthodox and Ultra orthodox, Christian Orthodox WE PROUD TO YOU, RETURN THE EAST'S GLORY FROM (THE WEST COUNTRY) From Colonize

[@utku_baloglu]

Do not support any politicians, just wish the best for country

[@user-xn7tq6wy6z]

How much did Erdogan pay you to make this comment ?

[@nostaljiturkce]

We will stop fascism and colonialism together when we stand against them together. We are many sharing and caring the love and the wisdom.

[@sco6729]

So true. Please send some money monthly to Erdogan. we go bankrupt because of the conservative populism of Erdogan it's time for you to pay for it. 🤑

[@d.a.31]

Why, he's Turkish. What business do you have with Turkey that you're singing praises, they're not Easterners either. Which East are you talking about?

[@Chandankumar-qw6hb]

US, EU, Gulf, china, india, Economic is best

[@chch4509]

The economic problems are everywhere in the word and we see all problems in USA and Europe because the energy is to expensive but in any years we see more :-))

[@tee_toe7898]

I'm not feeling this AI narrator lol

[@rula9589]

Love Stambul 👏

[@stevenhenry5267]

Constantinople

[@islam-lr3dc]

love islamic power from bangladesh.

[@chanell68]

Why Europe needs help from USA. Same thing

[@mikevarga6742]

We better save it. They have the 2nd largest military in nato. Wouldn’t want that power to fall into a maniacs hands

[@jasinjez3478]

EU might be in need of foreign money much more then Turkey in next years!

[@moviesunified6746]

So erdogan finally had to bend the knee.

[@gokucougar]

We the OTTOMAN are coming to bring real democracy to the World. You satans will knee INSAALLAH.

[@ziyadpepe6291]

👑🇸🇦😎

[@theundisputed96310]

Not anymore i guess

[@jarrodyuki7081]

i see..................

[@metingencturk4584]

What is this fuzz about Turkey needs money? Their debt to gdp ratio is half less than most of the european countries , 4 times less than Greece. Gdp growth is second in the world after China. If they need money they can borrow like other countries. Why dont you talk about already bankrupt European countries like Greece, Spain Italy England they are in debt up to their nose.

[@roberts3965]

Is not Gulf, It's PERSIAN GULF.

[@wildan23b15]

*arabian gulf

[@posdos6677]

hey Rober if you could meet me in dubai i will show you how its an arabian gulf and not Persian you keybord warrrior

[@roberts3965]

@@posdos6677 No matter where you meet me Persian Gulf is the official name of it for thousands of years and is recognized by United Nations so you being an Arab person does not change the historical past, Sir.

[@seanphurley]

give back cyprus

[@jazairihilali6252]

It's called turkyia

[@ziyadpepe6291]

🦃

[@sisoshsasa]

Muslims UNITE! division makes us weak, we need to work together

[@engr.s.5843]

Erdogan is a unique leader on the world stage.

[@granivonderheide6346]

🤣🤣🤣

[@mohamedyusuf5569]

Erdogan needs to find an alternative energy source and stop his reliance on foreign investments

[@ebru34_]

Buldu, doğalgaz ve terörden temizlediği gabar da petrol buldu artık daha güçlü bir ülke olacağız.

[@user-li7tn5fw3e]

Kick him out 22 years was enough 😮

[@tahminanasrin9804]

Muslims unite under 1 flag

[@hamidr_me]

that's Persian gulf

[@turan2815]

Basra gulf in turkish

[@ArabianQuirkSA]

Arabian gulf

[@blackrock1404]

🎉🎉🎉

[@Valuable34]

Turkish banks refuses all of the Russian company and/or related companyies!!!! This is so important for the Russian economy…

[@shahrokh1910]

It’s not Golf,It’s Persian golf

[@ziyadpepe6291]

It the Arabian gulf Go back to Afghanistan cave man

[@christopherchristianvanlan1809]

Turkey: Sends F16s to Qatar. Saudi Arabia: Sends a truck of Money to Turkey

[@jarrodyuki7081]

job chores and circumcison hallal chicken and beef...............

[@sunisaseasan2417]

ไว้ใจใครได้

[@paolosantiago3163]

I feel very sad for Turkey 🇹🇷🇹🇷 it has all the potentials to become a well-developed country yet because of its hypocrite government and politics the nation miss the big opportunities and went backwards.

[@atahanakay]

As a Turkish person Thank you. It is very hard to find people like this that understand the problems

[@ozgurbozkurt5945]

It is ruled by turds. People with no background in economics, foreign policy etc ... People who are not even qualified to run a corner store, are running the country. The outcome is not surprising. I assume a lot of priceless lands, historical landmarks, strategic technologies will be handed over for $$$ to keep the current govt stay afloat - not even keep the state afloat, but keep the current government afloat.

[@user-hy4rl8ui4l]

Syrians Pakistani Afganistan Refugees are Increasing They are Having High Birth Rate Thahtswhy We Pressurise Muslims For 2 Child Policy In India And Limit Pakistani and Bangladeshi Muslims By Constructing Advance Fences

[@mohamoudmusse6144]

YES. YES THEY CAN GIVE A LOT OF SUPPORT FOR THEM M SALMAN CAN GIVE ALL MUSLIMS NEEDS WITHOUT HESISTATATION. .....

[@goodhop8614]

Erdogan ❤turkey

[@KhanKhan-fw9fb]

Arab Emirates you give you have many

[@andrewdaniel1053]

Am not sure probably ro play gulf lol

[@senaselen3120]

It is Russian Tourists who greatly help the economy of the Turks.

[@skp8748]

No 😂 turkey is industrial power

[@senaselen3120]

@@skp8748 Yes, our arms industry is developing every year. Last year we were ranked 10th in the arms industry, this year we are ranked 8th.

[@skp8748]

@@senaselen3120 😂 exactly. EVERY sector in Turkey is growing. These guys don't understand the difference between currency and economy 😂 They want turkey to nuke their economy that has grown ASTRONOMICALLY since 2002. For comparison Greek GDP in 2002 was $154.56B and its now $242.385. Turkish GDP in 2002 was $240.25B and its now $1.154 trillion Turkish Gov debt to gdp in 2002 was 75.5% and its now 31%... for comparison the UK is 101.2%😂 and in 2002 it was 86.3% Turkey has 41 companies in the ENR’s 2023 Top 250 International Contractors, the US has 41, Europe+UK has 44 and China has 78. Only China and S.Korea have bigger market share in the Middle East, In Africa they trail only China, France and Italy, in Latin America only the US, China, Spain, Italy and France and in Europe it is only Spain and Germany they trail. 😂😂

[@senaselen3120]

@@skp8748 I were curious, are you Turks? 😅also,We are almost growing in every sector, but there is a great economic pressure from outside. I think if any other country was in our place, it would have gone bankrupt already.😂

[@skp8748]

@@senaselen3120 No I'm a student at LSE... My professor explained it to me because my father works in import/export from Ankara to Baku to Delhi and he would always tell me currency is not economy. My professor explained how its from external pressures (usually politically motivated) from currency speculators that play games on the market with lira bonds. He also explained Turkey is acutely vulnerable because it imports so much energy... now you see all the nuclear plants under construction, the gasfield find, the new Azeri pipeline and then Libya to Turkey corridor are some of the projects to offset that.

[@hadiya2179]

İf you look at Türkiye,s economic history, you will see present economy is not the worst. Türkiye always come out with victory. This economy disaster is temporary. We will see strong economy very soon. There are many projects to be implemented to make Türkiye,s economy stronger than ever before. 🇹🇷❤️

[@granivonderheide6346]

''Turkey's economy is stronger than before '' bla !, bla ! bla !,to much pro - erdogan politics. The truth is the turkish lira is collapsing. That's the result, the man who has written the book of economy ( his own words ! ) don't write fairy tales

[@2msvalkyrie529]

Yes ! I love Turkiye ! 🇬🇧 👍 !

[@evrenkavakli5672]

As aTurk it is late. They had to make it before. But never late

[@sunisaseasan2417]

But. French

[@terabytes450]

There's no strong Turkie no gulf country would be strong

[@happykitten5695]

💛☮️

[@hichic4390]

You know that the correct name is the Persian Gulf. Anyway, I got it, Why don't you say it? you're stuck

[@user-ll8pn1ks1l]

Turkey should increase relationship with Arab countries. They may be more faithful from EU & USA. USA always impose pressure on islamic countries business. USA & EU Don't want strong any muslim country.

[@nihil_hd1598]

You got colonise

[@user-xn7tq6wy6z]

Yes as Nihil said, arab countries got colonised by western countries Turkiye did not, Turkiye doesn't need help from any arab country

[@aqeel-3771]

@@user-xn7tq6wy6z they did the british and arab revolt against the Ottomans thats the reason they dont like KSA.

[@user-xn7tq6wy6z]

@@aqeel-3771 No that was the corrupt "Ottoman Empire" led by religious extremists that did not represent the Turks like Ataturk did, it was not Turkiye.

[@user-vb6df4sd8d]

@@user-xn7tq6wy6zhuge parts of modern day turkey were colonized by the west lol😂😂😂😂. The only reason it wasn’t completely colonized was because the British had someone their who did everything they wanted for free (attaturk)

[@taidutiger3776]

THX Sector Analys Media News. We Media business In Game With News Environment We Care our Group. Nato is not Media Corporation ⛵ TMC

[@sarwarhossain182]

We love erdogan sir ❤❤❤

[@sametsamet-sr3nj]

That's why we Turks don't love we will face our country towards Europe again We will be fallowing Ataturk s way of secularism and modernism.

[@rockyetchison3380]

​@@sametsamet-sr3njSays the moron who isn't Turkish just a West bot warrior behind a keyboard 😂

[@rockyetchison3380]

​@@sametsamet-sr3njOttomons are your dad! Keep in mind. Fool

[@chanell68]

​@@sametsamet-sr3nj Europe wasted over 55 years of turkiye to be part of them. Its Europeans lost not turkiye so Erdoğan obviously have to move on and create better platforms.

[@rebellefleur2993]

​@@sametsamet-sr3njI am sorry but West is fallin apart...

[@jeffbarron5500]

gulf money can't save the saudis either, nor this lousy reporting

[@ziyadpepe6291]

Lol

[@ojhachinmaya8380]

India the greatest country in the world

[@terabytes450]

Don't drink too much

[@fgdgdg7201]

Most stinky you mean

[@MdAl-Amin-rc3fd]

🤣🤣🤣🤣

[@sufibra1051]

[@hayrullahyasar]

No. Not sustainable.

[@ziyadpepe6291]

Beggars are not choosers