Turkish doctors leave the country because of inflation

Turkish doctors are leaving en masse to escape the country’s inflation. Credit: William Neuheisel, CC BY-SA 2.0

Turkish doctors are emigrating from Turkey in unprecedented numbers due to the effects of inflation on the country.

While inflation has severely affected Turkey’s economy, it has also had profound effects on the country’s culture, increasing violence and instability.

Doctors are leaving the country in droves due to the minimum wage and cases of violence: an assistant doctor left the profession completely after being stabbed in the stomach and in the hand by a patient. A pregnant nurse was kicked in the stomach by an enraged patient.

More than 1,400 Turkish doctors left their jobs in the country to work internationally in 2021, according to the Turkish Medical Association.

“Three years ago I would have said the salary was fair, but now it isn’t,” Dr. Furkan Cagri Koral told The New York Times. Koral is a young doctor who decided to leave Turkey just two years after obtaining his medical degree. “Tureky’s doctors work at the level of slave labor given the workload and the risks they take”,

Grecian Delight supports Greece

Koral left Turkey for Germany, where he studied German for almost a year until he got a job as an assistant doctor in Chemnitz. Koral is now preparing for an equivalency exam so that he can practice medicine in Germany.

Inflation in Turkey as a result of President Erdogan’s monetary policies

Inflation in Turkey hit a staggering 48.7% last month, after a previous high of 36% in December. But some experts suspect that the actual rate could even exceed these numbers:

“There are groups of academics who have come up with a technical measure of inflation. Their measurement was close to 60% [in December]. This creates a huge burden for society as a whole,” said Durmus Yilmaz.

The Turkish lira had its worst year against other currencies in 2021; now, the country’s dire economic situation shows the reality of its currency crisis, which was created by the president’s unorthodox interest rate cut policies.

Data from the Turkish Statistical Institute showed on Monday that in December alone, consumer prices in Turkey hit double-digit inflation, up 13.58%, wreaking havoc on household budgets of its people, who were forced to queue for bread in some places – while Greeks queued in shops near the border to buy the Christmas bargains due to the relative strength of the euro.

The consumer price index calculated annually was even higher than the projections of a Reuters poll of 30.6%. Meanwhile, essential items such as food and transport grew even faster, according to Reuters.

The Turkish lira lost 44% of its value last year as Erdogan ordered the country’s central bank to drastically cut interest rates as part of a program to prioritize credit and loans. exports rather than currency strength and price stability.

About Louis Miller

Check Also

Global central banks expected to hike rates this week

Yahoo Finance’s Jared Blikre breaks down Wall Street’s expectations for upcoming central bank policy changes. …