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Turkeys economy is making a surprising comeback, Russias economy is overheating, Western workers are struggling to find a job again, Ethiopia gets an initial IMF bailout, and China presents new plans to reboot its struggling economy. These are, in my opinion, the most important economic stories that we need to talk about in this economic update. So, lets dive into our first story right away, which is about Turkeys economic comeback, A comeback that was made official when Turkey returned 5 billion US Dollars to Saudi Arabia because it felt it no longer needed that money to defend the value of the Lira. This is a huge change from just over a year ago, when Erdogan lowered interest rates just before his re-election. At that time, the Turkish currency was doing so poorly that Erdogan had to rely on wealthy foreign backers like the UAE, Qatar and Saudi Arabia to keep the Lira from collapsing. So, how did Erdogan go from that state of despair to returning 5 billi
