Türkiye's economic woes far from over: economist

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Türkiye's economic woes far from over: economist

STORY: Türkiye's economic woes far from over: economist DATELINE: Aug. 4, 2022 LENGTH: 0:02:21 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye 2. SOUNDBITE 1 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 3. SOUNDBITE 2 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities STORYLINE: A Turkish expert has said that Türkiye's economic woes are far from over due to the tumbling currency, low capital inflows and looming short-term external debt. The Turkish lira weakened to near 18.0 against the dollar, trading at 17.96 on Tuesday afternoon, a record low since a currency turmoil in December 2021 when it hit an all-time low of 18.4. SOUNDBITE 1 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities "The lira's recent depreciation against hard currencies, the dollar and the euro, will naturally increase the country's premium risks. This will inevitably increase the cost of risk (of borrowing) in light of the economic instability and

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