Well-known economist Selçuk Geçer, who is thought for at all times giving the best estimates in regards to the greenback price in Turkey and for whom a felony grievance has been filed by the BRSA, got here up with three new predictions that shall be talked about lots.
Selcuk Geçer, who criticized the federal government’s financial insurance policies, introduced that the rise within the greenback price will proceed. “Our exports proceed to shrink day-to-day,” he mentioned. It exhibits us that the overseas commerce deficit will improve within the coming interval, subsequently the necessity for {dollars} will improve day-to-day, a scarcity of {dollars} will happen and the greenback is confronted with a serious breakdown,” he mentioned.
‘THE FIRE IN THE DOLLAR WILL BREATHE’
Stating that the greenback alternate price will skyrocket within the face of the present state of affairs, Selçuk Geçer mentioned, “The scarce greenback will trigger it to go arduous each available in the market and on the display. The uptrend within the alternate price will result in a rise in inflation and unemployment. The poverty line in Turkey is 4 instances the minimal wage. used his statements.
ONE PERCENT INCREASE CAN COME
Persevering with his explanations, Selçuk Geçer mentioned {that a} 100% motion within the greenback could come, “With this overseas commerce deficit, these short-term money owed and the scarcity of {dollars}, we will see very aggressive actions forward. I’m not speaking about will increase. It could face a transparent break. A 100% motion could come. That is inevitable.” mentioned.
‘CAR WILL RISE, HOUSING WILL BE DAMAGED’
Making statements after the 6+6 rule introduced by the federal government to stop the worth improve in automobiles, Geçer mentioned that world manufacturing issues must also be taken into consideration. Indicating that the shortage economic system is approaching, Geçer claimed that the lower within the variety of iron, aluminum and chip manufacturing will drive up automobile costs. Stating that the TOKİ challenge introduced by the federal government can be an election-oriented step, Geçer said {that a} lower could also be seen in costs because of the low demand for housing and made the remark that ‘The automotive will fly, the home will crash’.