A recent survey conducted by Ipsos, a global marketing and research specialist, shed light on the economic expectations and sentiments of participants in Turkey. The survey was conducted with 29 countries in the Online Panel system in October 2023.

According to the findings, household income and purchasing power have decreased significantly among Turkish participants. An increase in the share of those who said “our household income has decreased” due to rising prices was noted. The biggest problem facing the country, according to the survey, was the economy.

In terms of consumer confidence, Turkey ranked last among 29 countries with an index of 34.5%, up 2.5% from September’s average of 47.2%. Inflation-wise, Turkey ranked fifth among 29 countries.

The most significant problem for Turkish participants was the economy (87%), followed by immigration (5%). When asked about their satisfaction with the Turkish economy, 76% said it was “bad,” while 18% said it was “neither good nor bad,” and just 3% said it was “good.” Expectations for the Turkish economy were also discussed: 73% predicted inflation would increase, while only 16% thought it would remain unchanged and just 11% anticipated a decrease.

Other questions in the survey focused on household income and purchasing power. Fifty-two percent of participants reported that their household income had decreased over the past year, while only 34% stated that it had not changed much significantly. When asked about their purchasing power over the past month, an overwhelming majority (76%) reported that it had decreased sharply.

Overall, these research findings offer valuable insights into how Turkish participants view their economic future and current circumstances within their country’s context.

By Editor

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