Erdogan tells Turks not to panic, inflation can be quickly fixed

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ISTANBUL, Dec 1 (Reuters) - President Tayyip Erdogan said on Wednesday Turks should act with reason and avoid panic after the lira slumped to record lows, adding that Turkey's current 20% annual inflation could be solved rapidly.

In a speech to lawmakers from his ruling AK Party in parliament, Erdogan said it was unfair to judge the Turkish economy based solely on the inflation rate.

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Reporting by Tuvan Gumrukcu and Ezgi Erkoyun Writing by Daren Butler Editing by Jonathan Spicer

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