Turkish Economy Faces Economic Growth Challenges Due to Exchange Rate Shifts
The exchange rate in Turkey has a significant impact on economic growth. While some believe that a higher exchange rate boosts growth by increasing exports, others argue that it actually hinders growth by making imports more expensive. Through analyzing data from 2002 to 2019, it was found that in Turkey, a higher exchange rate leads to lower economic growth. This suggests that maintaining both price and exchange rate stability is crucial for economic success.