Turkey's economic woes amplified by Fed's rate hikes

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Turkey's economic woes amplified by Fed's rate hikes

STORY: Turkey's economic woes amplified by Fed's rate hikes DATELINE: June 25, 2022 LENGTH: 00:04:31 LOCATION: Ankara CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. STANDUP (English): BURAK AKINCI, Xinhua correspondent 2. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 3. various of Turkish lira 4. various of Turkish President Recep Tayyip Erdogan 5. various of Turkish Finance and Treasury Minister Nureddin Nebati (courtesy of Ihlas News Agency) 6. various of US dollar 7. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 8. SOUNDBITE 1 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 9. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Associate professor of economics at Yalova University STORYLINE: STANDUP (English): BURAK AKINCI, Xinhua correspondent "I'm Burak Akinci with Xinhua News Agency. I'm now in Turkey's capital city Ankara. The U.S. Federal Reserve's consecutive rate hikes to rein in rising inflation are to deal new blows to the struggling Turkish ec

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