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Turkish households despair as inflation nears 80 percent
by Beril Eski
Thomson Reuters Foundation Translate This Article
25 July 2022
On 25 July 2022 Thomson Reuters Foundation reported:
Turks are cutting spending to the bone, with little hope of relief from soaring living costs in the coming months. Annual inflation has soared to 24-year highs of nearly 80 percent, according to official data, while academics and researchers at the independent Inflation Research Group say the true figure is more than double that.
Global Good News service views this news as the failure of modern business and government systems.
Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.
A precipitous slide in the value of the lira has fueled Turkey's inflation crisis.
Surging prices have made ordinary goods a luxury. ... Businesses are also suffering.
... Countries around the world have been facing rising food and fuel costs, largely driven by the impact of the Ukraine war and the COVID-19 pandemic. These have served to compound Turkey's woes.
To read the entire article click here
Global Good News comment:
Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit: http://maharishi-programmes.globalgoodnews.com/
Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total
Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.
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