ANKARA
Türkiye is gradually solving the cost of living and inflation problems that the European nations and the U.S. are facing, President Recep Tayyip Erdoğan has said.
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“Hopefully, we will break the neck of inflation at the start of next year,” Erdoğan said in a video message sent to the “Türkiye 2023 Summit.”
The president also said that inflation stemming from elevated energy, food and raw material prices poses challenges for all economies in the world indiscriminately.
“It is observed that old approaches, such as lowering inflation by increasing interest rates, did not fulfill those expectations. Many countries, which resort to such policies to rein in inflation, are now facing…
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