Turkey: Did Erdogan's Unorthodox Approach to Bring Down Inflation Actually Work? | DW Business

Jun 5, 2023 | Turkish inflation has fallen below 40% for the first time in 16 months. We speak to Erdal Yalcin, professor of international economics at Konstanz University of Applied Sciences. We ask him: is this a meaningful figure?

Erdogan's low interest rate policy is in line with Islam. His economic policy is unorthodox only to Western economists; his policy is very orthodox if considered in the light of Islamic economics. Erdogan is, after all, trying to re-Islamize the country. He is out to undo Ataürk's secular legacy. – © Mark Alexander