Turkey may compete with Russia in the creation of new economic laws and questioning the basics. The country has already developed several new principles.
Since Recep Tayyip Erdoğan came to power, the Turkish economy has been under significant pressure. Economic growth has been slackening, whereas the local authorities has been reporting economic recovery. What is more, President Recep Erdoğan dismisses or declares foreign agents people who make an attempt to show the real state of affairs. He is constantly replacing heads of the central bank and ministers of finance. This time, the Turkish president fired the head of the state statistics agency, saying that he is to blame for a low pace of economic growth and high inflation.
The decision to dismiss Sait Erdal Dincer was taken just after the publication of the consumer price data. The report unveiled that the inflation rate hit a 19-year high of 36% in December. Notably, Sait Erdal Dincer was in office for just 10 months. He was replaced by Erhan Cetinkaya who had served as vice-chair of Turkey's banking regulator.
