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- 3 Mar 2023
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"Faiz sebep, enflasyon sonuçtur" önermesi doğru mudur?Recep Tayyip Erdogan's policies over the years have had varying effects on Turkey's economy. Here are some statistics on Turkey's economy during Erdogan's tenure:
1. GDP Growth: Turkey's GDP grew rapidly under Erdogan's leadership from the mid-2000s to the early 2010s. However, growth has slowed since then, with the economy contracting by 9.9% in 2020 due to the COVID-19 pandemic. Turkey's GDP growth rate was 1.8% in 2019, 2018, 2017, and 3.2 % in 2016.
2. Inflation: Inflation has been a persistent problem during Erdogan's tenure. Inflation reached its highest level in 2018, when the annual inflation rate was almost 25%. Although the inflation rate has decreased since then, it remained high in 2020 at around 12%.
3. Unemployment: Turkey's unemployment rate has fluctuated under Erdogan's leadership. The unemployment rate was 12.2% in December 2020, an increase from 12.0% in September 2020. The youth unemployment rate was significantly higher, at around 24% in 2020.
4. Foreign Trade: Turkey's foreign trade has increased significantly under Erdogan's leadership, with exports increasing from around $47 billion in 2002 to $171 billion in 2019. However, Turkey's current account deficit has also grown dramatically, reaching around $36 billion in 2020.
5. Debt: Turkey's total public debt has increased over the years, reaching around $470 billion in 2020. Many economists, however, argue that the debt is still manageable due to Turkey's relatively low debt-to-GDP ratio.
Overall, Erdogan's policies have had mixed results for Turkey's economy, and opinions on his economic policies are divided among economists and the public. While his government has made significant investments in infrastructure and social welfare programs, persistent issues such as inflation, unemployment, and an increasingly large current account deficit continue to be problematic.