The Future of Turkey’s Economy 2022

Last year was a year that lashed Turkey’s economy. Many questions and concerns arose as New Year 2022 approached regarding the interest and value of the Turkish lira, what will be the fate of inflation and prices, and what will be required for economic and financial problems to be resolved and addressed.

It was stated that this year would be better than the previous one. Many different qualitative leaps will be achieved in addition to the desire to reduce the trade account deficit by rising production and export growth and even turning into a trade account surplus.

In this article, we will mention the most important. turning points for the Turkish economy for this year and The Future of Turkey’s Economy 2022 , according to the words of the most important economic experts, to anticipate the economic situation.

Turkish Central Position on Interest Rate

One economist predicted that there would be no further rate cuts in principle and stability. But of course, there will be new rate cuts based on the new economic model. If inflation and the exchange rate of the Turkish lira are under control. This percentage could be below 10% by the end of this year. This could be evident in the near period.

The fate of the Turkish lira after the adoption of the new economic model

According to experts and analysts… The value of the Turkish lira has seen a significant decline after the low-interest policy was approved. The credit was transferred to the dollar, but after the new economic model the people’s confidence in the Turkish. lira was renewed and their deposit rate increased instead of the dollar. This led to their rise and their arrival in 11 and could rise to 10 and 9 as well.

Some experts suggest that hard currency savings of estimated billions of dollars by Turkish households and local companies. It will lead to lira fluctuations for this year.

Changes in the Turkish economy and new deals for 2022

Some experts emphasized that gas exploration and extraction in the Black Sea is a pivotal and positive point in the return of the interaction of indicators in the next stage. In particular, the state’s energy bill is an obstacle to the stability of the trading account. But despite this, it is related to the size of the discoveries reducing the size of the bill for energy imports.

He also considers that Turkey will witness. golden years in the future, as it will reduce its dependence on its regional competitors in the field of energy and will find the ideal opportunity to strengthen its hand in the contracts that it will conclude in the market for natural gas. All of the above means that the trade account deficit, which is the weakest

point in the country’s economy will be closed

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