Türkiye's inflation woes persist despite economic overhaul

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Türkiye's inflation woes persist despite economic overhaul

STORY: Türkiye's inflation woes persist despite economic overhaul SHOOTING DATE: Dec. 11, 2023 DATELINE: Dec. 13, 2023 LENGTH: 00:02:32 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, at shopping and cashpoints in Türkiye 2. SOUNDBITE 1 (Turkish) : MELTEM GUNEY, Preschool teacher 3. various of people on the streets, at shopping and cashpoints in Türkiye 4. SOUNDBITE 2 (Turkish) : ERCAN UZUN, Municipal worker STORYLINE: A pivotal change in economic policies hasn't so far solved Türkiye's inflation problems and consumers say that a planned raise of the minimum wage will only offer short-term relief for cash-strapped households. Türkiye's annual inflation accelerated to around 62 percent in November, the highest level this year, according to official data released last week. The rate at which prices are increasing fell slightly from 3.43 percent to 3.28 percent from October to November, but figures remain high compared to the same period last year. The central ban

  • Product Code
  • ILEA002082982
  • Registered date
  • 2023/12/13 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 136.39(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Australian unemployment rate rises to 4.1 pct

    STORY: Australian unemployment rate rises to 4.1 pct SHOOTING TIME: May 15, 2024 DATELINE: May 17, 2024 LENGTH: 00:01:14 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of ABS House 2. various of Canberra employees STORYLINE: Australia's unemployment rate rose for a second straight month to 4.1 percent in April. According to official figures released by the Australian Bureau of Statistics (ABS) on Thursday, the unemployment rate rose from 3.9 percent in March to 4.1 percent in April -- the equal-highest rate since January 2022. The rise in the unemployment rate came despite the number of employed Australians increasing by 38,500 people between March and April, with a 44,600 rise in part-time positions partially offset by a 6,100 fall in full-time roles. In the same period, the number of unemployed people -- meaning those who are not employed but are actively looking for work -- rose by 30,300 to 604,200. The participation rate, which measures the proportion of the working-age popu

      Japan's economy contracts annualized 2 pct in January-March

      STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

        Türkiye's Ankara lakes welcome migratory birds

        STORY: Türkiye's Ankara lakes welcome migratory birds SHOOTING TIME: May 15, 2024 DATELINE: May 16, 2024 LENGTH: 00:03:54 LOCATION: Ankara CATEGORY: ENVIRONMENT SHOTLIST: 1. various of migratory birds at the lake and ponds in the Golbasi district, Ankara 2. SOUNDBITE 1 (Turkish): MELIH OZBEK, Bird watcher and photographer 3. various of migratory birds at the lake and ponds in the Golbasi district, Ankara 4. SOUNDBITE 2 (Turkish): MELIH OZBEK, Bird watcher and photographer STORYLINE: Flamingos, herons, pelicans... Türkiye's migratory bird species have returned to the capital city Ankara's lakes and ponds this year, much to the delight of local bird watchers. Only a short drive away from the bustling city of 6 million people, the Sel Kapani Dam Lake and Lake Mogan, located in the Golbasi district, host many varieties of migratory water birds each spring and summer. On a chilly but sunny morning, Melih Ozbek, a wildlife photographer as well as a bird-watcher and activist, was busy taking pictures in t

          India's wholesale inflation rises to 1.26 pct in April

          STORY: India's wholesale inflation rises to 1.26 pct in April SHOOTING TIME: Recent footage DATELINE: May 16, 2024 LENGTH: 0:01:11 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the wholesale market 3. various of fuel station STORYLINE: India's wholesale price index (WPI) rose 1.26 percent in April, according to data released Tuesday by the Federal Ministry of Commerce and Industry. "The annual rate of inflation based on all India WPI number is 1.26 percent (provisional) for the month of April 2024 (over April 2023)," read a statement issued by the ministry. "Positive rate of inflation in April 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum and natural gas, manufacture of food products, other manufacturing etc." WPI for the month of March was recorded as 0.53 percent. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increase or decrease in commodity prices globall

            Australian inflation projected to fall below 3 pct in 2024

            STORY: Australian inflation projected to fall below 3 pct in 2024 SHOOTING TIME: May 13, 2024 DATELINE: May 15, 2024 LENGTH: 00:01:21 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of grocery stores in Canberra 2. various of a shopping center in Canberra 3. various of a petrol station in Canberra STORYLINE: Australia's inflation rate is set to return to the central bank's target band by the end of 2024, the government has forecast. According to projections released by the Treasury on Sunday, inflation will fall to 2.75 percent by December and to 2.5 percent by the end of 2025. The Treasury projections suggest that inflation will fall back to the Reserve Bank of Australia's target band of 2-3 percent one year earlier than forecast by the bank in its outlook published earlier in May. The central bank's forecast does not account for unannounced measures included in Chalmer's budget whereas the Treasury's does. "Inflation is still the big near-term challenge in our economy which is

              Türkiye's Istanbul feels strain as inflation, cost of living soar

              STORY: Türkiye's Istanbul feels strain as inflation, cost of living soar SHOOTING TIME: May 10, 2024 DATELINE: May 14, 2024 LENGTH: 00:02:13 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of Istanbul in Türkiye 2. various of local shops 3. SOUNDBITE 1 (Turkish): ISMAIL HAKKI, Local clothing shop owner 4. SOUNDBITE 2 (Turkish): FERRUH BUYUKOGLU, Stationery shop owner 5. various of Turkish Treasury and Finance Minister Mehmet Simsek speaking at the press conference in Ankara, Türkiye STORYLINE: Business has been sluggish for Ismail Hakki, who owns a once-thriving clothing shop in Istanbul's old Tahtakale neighborhood. "Business declined to only a fraction of what it used to be," Hakki said as he navigated through the rows of discounted garments in his shop. Hakki's woes mirror the broader struggle gripping Istanbul, Türkiye's economic hub, where inflation has outpaced the already-crippling national rate of 69.8 percent in April, according to the Istanbul Chamber of Commerc

                Türkiye raises year-end inflation forecast amid soaring prices

                STORY: Türkiye raises year-end inflation forecast amid soaring prices SHOOTING TIME: May 9, 2024 & Earlier footage DATELINE: May 10, 2024 LENGTH: 00:01:19 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (earlier footage) 2. SOUNDBITE 1 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 3. various of Turkish lira (earlier footage) 4. SOUNDBITE 2 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 5. various of Turkish lira (earlier footage) 6. various of Turkish Central Bank (earlier footage) STORYLINE: Türkiye's Central Bank has raised its end-of-year inflation forecast for 2024 to 38 percent, a two-percentage-point increase from previous estimates, as revealed in its latest quarterly report. The bank's outlook for the subsequent years remains unchanged, with inflation expected to decrease to 14 percent in 2025 and 9 percent in 2026, aiming for a medium-term stabilization target of 5 percent. Centr

                  Japan's real wages down for 24th straight month

                  STORY: Japan's real wages down for 24th straight month SHOOTING TIME: May 4, 2024 DATELINE: May 10, 2024 LENGTH: 00:01:35 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 2.5 percent from the same month last year, larger than the 1.8 percent fall in February, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 0.6 percent from a year ago to reach 301,193 yen (about 1,932.5 U.S. dollars). Regular pay including basic salary in March went up 1.7 percent year on year, while overtime pay, a gauge of business activity, went down 1.5 percent. Special payment including bonuses f

                    Swedish central bank cuts interest rate amid weak economy

                    STORY: Swedish central bank cuts interest rate amid weak economy SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:01:31 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Sweden's central bank 2. various of Stockholm street STORYLINE: Amid weak economic activity, Sweden's central bank lowered its benchmark interest rate from 4 percent to 3.75 percent on Wednesday. This is the first rate cut in eight years. The Riksbank said the change to the policy rate will apply from May 15. The Riksbank's executive board said that if the outlook for inflation still holds, two more policy rate cuts can be expected in the second half of the year. "It was expected. They cut the interest rate because inflation is sinking towards the target even faster than the Riksbank had predicted, and the economy is weak," said Alexander Noren, an economic commentator on Swedish Television (SVT). "However, they will proceed carefully and not spring any surprises," Noren added. "I am totally convinced

                      Türkiye eyes more digital nomads to boost tourism, economy

                      STORY: Türkiye eyes more digital nomads to boost tourism, economy SHOOTING TIME: May 2, 2024 and May 6, 2024 DATELINE: May 7, 2024 LENGTH: 00:02:07 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): STEF VAN EYSENDEYK, Belgian tax advisor 2. various of tourists at the airport and beaches of Antalya, Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye is making efforts to attract digital nomads - people with professional skills who work remotely - to boost the country's tourism and economy. In late April, Türkiye officially rolled out the digital nomad visa. It is now available to applicants from specific countries who meet Türkiye's income threshold. Visa recipients can live and work in big cities of Türkiye for up to one year, with the option to renew. Stef Van Eysendeyk, a Belgian tax advisor working remotely from the southern, sun-soaked resort city of Antalya, told Xinhua in a recent interview that despite high inflation, Türkiye still stands as an affordable option for di