Turkey falls into recession!

Click on this link to access a recent BBC article on how the Turkish economy is struggling. Lots of economics here.

What are the reasons behind the recession?
How would you solve it?
How long would it take?

Monetary Policy in action

All year groups should read the two links and the following presentation on monetary policy. Two countries in economic crisis have taken drastic action to try and solve one of the important economic objectives....inflation.

My question to you is, will it work and what are the possible consequences for the people!

Turkey raises interest rates - click here for the story.

Argentina raises interest rates - click here for the story.

AS Macro Revision: Monetary Policy and Exchange Rates from tutor2u