U.S. rate hikes exacerbate slowdown in global growth

STORY: U.S. rate hikes exacerbate slowdown in global growth DATELINE: Sept. 21, 2022 LENGTH: 00:02:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Federal Reserve and New York Stock Exchange 2. SOUNDBITE 1 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade Business Development Council 3. SOUNDBITE 2 (Japanese): Fruit and vegetable store owner 4. SOUNDBITE 3 (Arabic): KARIM AL-OMDA, Cairo-based economic expert and professor with Arab Academy for Science, Technology and Maritime Transport STORYLINE: Recent interest rate hikes by the U.S. Federal Reserve have led to the continuous rise of the U.S. dollar exchange rate, a surge that threatens to exacerbate a slowdown in global growth and amplify inflation worries around the world. Türkiye had been earning almost half of its revenues in euros. The advantage is now vanishing as euro continues to fall against the U.S. dollar. SOUNDBITE 1 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade

Pressure on Turkish economy increases as euro falls against USD: expert

STORY: Pressure on Turkish economy increases as euro falls against USD: expert DATELINE: Sept. 16, 2022 LENGTH: 00:01:56 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of dollars 2. various of the expert 3. various of Turkish flag 4. Turkish central bank 5. various of trade and exchanges in Türkiye 6. SOUNDBITE 1 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade Business Development Council 7. various of beach in Türkiye 8. SOUNDBITE 2 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade Business Development Council STORYLINE: A Turkish expert has said in a recent interview that euro's continuous depreciation against the dollar has increased the pressure on the Turkish economy, foreshadowing new challenges amid the country's already record-high inflation. With energy insecurity and surging inflation hanging over Europe, the euro has been in freefall this year. While the dollar, buoyed by the U.S. federal reserve's consecutive interes