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The Grand Turk |
Turkey's ailing economy faces more headwind amid COVID-19 pandemic |
2020-05-25 |
[DW] ...the decaying remnant of the Ottoman Empire... 's economy was in trouble before the coronavirus (aka COVID19 or Chinese Plague) ![]() outbreak and its economic fallout hit the country. The Two-minute video at the link, but the highlights are: Turkey’s external debt expected to be US$170 billion by year end; Turkish lira down 15% against the dollar so far; and, a tourism season that had just begun in March when everything was closed, such that revenues are only 10% of expected. Not a good situation in which to sequester the most productive citizens in prison on various trumped up charges while waging an increasing number of expensive wars abroad. Confiscated Gulenist bank accounts and Libyan gold don’t stretch nearly as far as they used to, donchaknow. |
Posted by:trailing wife |
#4 Too many Gulenists |
Posted by: Frank G 2020-05-25 18:47 |
#3 ...a tourism season that had just begun in March when everything was closed, such that revenues are only 10% of expected. The beaches in Libya and the ski resorts in Syria were all closed to Turkish 'tourists' ? |
Posted by: magpie 2020-05-25 18:46 |
#2 one Turkish Lira was worth about 25c in 2017 today, its worth about 15c I got a one lb roll of Turkish figs for $1.98 a few weeks ago. |
Posted by: lord garth 2020-05-25 09:55 |
#1 Should I post Latma's Dumbell? |
Posted by: g(r)omgoru 2020-05-25 09:52 |