Crash Turkish Lira has created pessimism — survey

The economic crisis triggered by the Turkish lira devaluation has created “dangerously” polarised “community without hope” and an unprecedented level of pessimism about future prospects, according to a recent survey.

Carried out in September, the survey by the Centre on Migration, Identity and Rights Studies (CMIRS) showed that 80 per cent of respondents could foresee no improvement in their economic prospects within two years — compared to 17.98 per cent at the last survey in June — and only 4 per cent expected any improvement.

Cyprus Today