Turkey Faces a Policy or Economic Shock, Says Granville

The transcript discusses Turkey's economic challenges, focusing on central bank independence, US-Turkey political relations, and potential economic shocks. It highlights the importance of political accommodation with the US to mitigate economic pain. The discussion also covers Russia-Turkey relations, emphasizing the geopolitical context and the limited impact of Russian support on Turkey's macroeconomic issues.

What is one of the proposed solutions for Turkey to address its economic challenges?

• Central bank independence

• Increasing military spending

• Reducing tourism

• Expanding agricultural exports

What could be a potential outcome for Turkey's economy if political tensions with the US are not resolved?

• Economic boom

• High inflation and recession

• Decrease in foreign investments

• Increase in exports

What historical event improved Turkey's relations with Russia?

• The signing of a trade agreement

• The failed coup in Turkey in 2016

• The shooting down of a Russian plane

• The end of the Syrian civil war

How has Russian tourism impacted Turkey's economy?

• It has had no noticeable impact

• It has led to a decrease in local employment

• It has caused inflation to rise

• It has significantly boosted Turkey's economy

Why is Chinese financing not a complete substitute for US financial power?

• It is not available to Turkey

• It is more expensive

• It is limited to certain projects

• It requires political concessions