Turkey's Erdogan Wants to Increase Influence on Central Bank, Economist Says

The transcript discusses the unexpected election results in Turkey, where President Richard Type Borderline extended his power despite predictions of an opposition win. The focus shifts to economic challenges, including high inflation and current account deficits, and the uncertainty surrounding the new economic policy board. The potential for cabinet changes and the impact on economic reforms are explored, along with the relationship with the central bank and external pressures from rising US interest rates. The vulnerability of Turkish banks due to external funding reliance is highlighted.

What factors contribute to Turkey's fragile financial situation?

How might President Erdogan's policies impact Turkey's economic growth?

What are the potential risks associated with Erdogan's relationship with the Central Bank?

In what ways could external pressures affect Turkey's economy?

What challenges does the real sector in Turkey face currently?