Erdogan tells Turks not to panic, inflation can be quickly fixed

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Erdogan tells Turks not to panic, inflation can be quickly fixed
© Reuters. FILE PHOTO: Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the party headquarters in Ankara, Turkey, November 23, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS

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ISTANBUL (Reuters) – President Tayyip Erdogan said on Wednesday Turks should act with reason and avoid panic after the lira slumped to record lows, adding that Turkey\’s current 20% annual inflation could be solved rapidly.

In a speech to lawmakers from his ruling AK Party in parliament, Erdogan said it was unfair to judge the Turkish economy based solely on the inflation rate.

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