Turkey’s Defence Budget – the fallout from high inflation and a weak lira

Fenella McGerty, principal analyst, defence budgets, Jane’s by IHS Markit As the Turkish lira hit a new low against the dollar this week, Jane’s assesses the fallout a continued weakness in the lira will have on Turkey’s USD13 billion defence budget.  Turkish defence expenditure soared by 14%...

Source: IHS Markit Blog →
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