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bne IntelliNews – Economic shock therapy makes 2024 most trying in a generation for Turks

The year of 2024 is emerging as the most trying in a generation in Turkey where the finance ministry and central bank are using shock therapy to try to fix chronic economic distortions widely regarded as caused by the wayward policies of the country’s president of more than 20 years, Recep Tayyip Erdogan.

A report from Reuters this week told how poverty and obliterated living standards are testing the social fabric like never before.

“I may still be walking, but I am not really living,” Fettah Deniz, 73, whose monthly pension of 13,000 lira ($393) is three times below the ascribed poverty line of a person in his…

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