Experts say decreasing the number of credit card installments to 12 months will not prevent consumers from overspending as they will seek new ways to finance their planned expenditures.
The rapid growth Turkey achieved last year -- though a strong sign of the Turkish economy’s resilience against external shocks at a time of global uncertainties -- resulted in a current account deficit (CAD) of almost TL 49 billion ($30.8 billion) that was mainly triggered by massive energy imports and loan expansion. (source)
