The impact of the devaluation of the Turkish Lira on investment and trade and its impact on tourism.

Abstract

The Turkish economy has been affected by several factors, which have had an impact on the competitiveness of the economy in general, and these factors fall into the economic aspects. It is expected that the devaluation of the Turkish lira will have an impact on Turkey's trading partners and is expected to be in a direction that improves the status of trade exchange for the Turkish side because the prices of Turkish goods and services will be cheaper than that of the trading partner. Which fell to $ 55.016 billion and constitutes about 6.4% of GDP. The research found that the policy of devaluation of the lira is a deliberate act aimed at reducing the costs of high inflation and devaluation of the Turkish currency. Expectations of uncertainties about investors 'and legislators' profits in the economy were dominated by the start of the Turkish recession, and the outlook is likely to create a continuum of economic variables that will eventually lead to lower productivity, profits and capital return in the sectors that make up GDP. This policy is also linked to targeting inflation and influencing the trade balance tourism section within a longterm economic strategy.

Keywords

• Turkish lira
• tourism
• investment
• economics