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VOICED : Businesses suffer as Turkish lira plunges to record lows

VOICED : Businesses suffer as Turkish lira plunges to record lows

Assessment

Interactive Video

Business

10th Grade - University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses the economic challenges faced by Turkey, highlighting a 10% loss in currency value, the impact on businesses reliant on imports, and the rising costs of raw materials. Political instability, including a failed coup and EU Parliament's decision to freeze membership talks, exacerbates the situation, causing the lira to spiral and deterring foreign investors. The ruling party, AKP, faces criticism for its handling of the crisis, which may affect its standing in future elections.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What message does the freezing of talks by the EU Parliament send to foreign investors?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What consequences might the economic crisis have for the ruling party in Turkey?

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OFF

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