Turkey is facing a number of challenges, including sluggish economic growth, elevated unemployment rates, and escalating prices. The situation is aggravated by rampant inflation and dwindling reserves,

leading to significant concerns. As a result. the country faces the potential risks of job cuts, reduced wages, declining consumer contidence, and diminished purchasing power. Investors also bear the brunt with lower profit margins due to increased input costs and decreased sales. While people's earnings are falling. their expenses appear to remain mien across various essential areas. spanning from food and

medicine to housing and consumer goods

Considering the situation, the Turky'e situation describe above, analyze the potential effects of contractionary fiscal policy?

Answer rating: 100% (QA)

Potential Effects of Contractionary Fiscal Policy in Turkey Contractionary fiscal policy involves reducing government spending or increasing taxes aim... View the full answer