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Erdogan’s credibility plunges along with lira

Turkey’s president has received the lowest grade from consumers in his political career as his controversial economic policy is expected to further fuel inflation in the coming months.
ADEM ALTAN/AFP via Getty Images

Turkish President Recep Tayyip Erdogan is facing a sharp decline in confidence in his economic management amid the chaotic economic climate he has created by pushing for lower interest rates despite high inflation and a free falling currency.

The growing mistrust is reflected in the consumer confidence index as well as the ongoing rush for hard currency, with Turks scrambling to protect the value of their money against inflation and the dramatic decline of the Turkish lira. 

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