2022/2/13. Turkey
I read this article, and am thinking about Turkey government’s debt.
Fitch downgrades Turkish debt amid soaring inflation
https://www.ft.com/content/d6799877-7bae-4f78-b53d-8d1828a41c82
I searched some datas about Turkey’s economy.
From google,
And this site,
|
Turkey |
GDP(b$) |
Currency($)@Jan |
Debt ratio(%) |
|
2017 |
859 |
0.27 |
28.03 |
|
2018 |
778.4 |
0.27 |
30.17 |
|
2019 |
761.4 |
0.19 |
32.66 |
|
2020 |
720.1 |
0.17 |
39.77 |
|
2021 |
|
0.14 |
37.77? |
|
2022? |
|
0.072 |
37.92? |
Currency’s value is decreased to half from 2021 to 2022.
This means GDP’s value would be half and Debt ratio would be twice.
Then I searched Turkey’s interest ratio was 14.00% at Jan 20, 2022.
In 2022, Turkey’s GDP will be 300b$, and debt ratio will be 80% of Turkey’s GDP, and interest payment will be at least 11.2% of Turkey’s GDP.
Hummm. Turkey’s government looks to be going to the END.
I think now is the time to leave from investing to Turkey.