🔁Mario Nawfal:
🚨🇹🇷 TURKEY HIKES MINIMUM WAGE 30%, BUT CAN IT TAME INFLATION?
The minimum wage jumps to 22,104 liras ($627) a month for 2025, giving a boost to over a third of workers.
Investors, however, are crossing their fingers it won’t make inflation—now a wild 47.1%—even worse.
President Erdogan, known for salary hikes that make wallets fatter but inflation scarier, now relies on his “market-friendly” team, who’ve jacked rates up to 50%.
Their goal?
Drag inflation down to 21%.
Easier said than done when wage hikes keep the spending spree alive.
Source: Bloomberg
https://x.com/MarioNawfal/...
🚨🇹🇷 TURKEY HIKES MINIMUM WAGE 30%, BUT CAN IT TAME INFLATION?
The minimum wage jumps to 22,104 liras ($627) a month for 2025, giving a boost to over a third of workers.
Investors, however, are crossing their fingers it won’t make inflation—now a wild 47.1%—even worse.
President Erdogan, known for salary hikes that make wallets fatter but inflation scarier, now relies on his “market-friendly” team, who’ve jacked rates up to 50%.
Their goal?
Drag inflation down to 21%.
Easier said than done when wage hikes keep the spending spree alive.
Source: Bloomberg
https://x.com/MarioNawfal/...
12 days ago
