Categories Business Economy HIGHLIGHTS JP Morgan Turkey strategy: Strong growth warrants tight policies Atilla YeşiladaPosted on11 June, 2021 Despite the lockdown and much slower loan growth, we have revised our 2021 growth … Continue ReadingJP Morgan Turkey strategy: Strong growth warrants tight policies
Categories Economy HIGHLIGHTS TL down, inflation up in the central bank’s market expectations survey Güldem AtabayPosted on11 June, 2021 The Central Bank’s study, known as the Expectations Survey for June but whose name was … Continue ReadingTL down, inflation up in the central bank’s market expectations survey
Categories Economy HIGHLIGHTS Turkey’s April industrial production index fell 0.9% over March Güldem AtabayPosted on11 June, 2021 Turkey’s April industrial production index released by TURKSTAT, increased by 66% compared to the same … Continue ReadingTurkey’s April industrial production index fell 0.9% over March
Categories Economy Emerging Markets General Uneven pandemic recovery: Advanced economies grow exponentially while emerging markets struggle Cem CetingucPosted on11 June, 202111 June, 2021 A stark inequality has emerged in the recovery from COVID-19, with advanced economies growing exponentially … Continue ReadingUneven pandemic recovery: Advanced economies grow exponentially while emerging markets struggle
Categories Economy General HIGHLIGHTS Turkey’s wider definition unemployment reaches 8.9 million people- 27.4 percent of the labor force Güldem AtabayPosted on10 June, 2021 The announced employment details heavily contradict with Turley’s 7% GDP growth recorded in 1Q21 and the expected circa 15% GDP growth for 2Q21. … Read More >Turkey’s wider definition unemployment reaches 8.9 million people- 27.4 percent of the labor force
Categories Economy HIGHLIGHTS Politics WSJ Opinion: This Isn’t Your Grandfather’s Turkey Güldem AtabayPosted on9 June, 2021 Turkey is one of America’s most important allies, but it presents more challenges to the … Continue ReadingWSJ Opinion: This Isn’t Your Grandfather’s Turkey
Categories Economy Emerging Markets General HIGHLIGHTS HYPED Politics A Sultan in Autumn: Erdogan Faces Turkey’s Uncontainable Forces Güldem AtabayPosted on9 June, 2021 The unprecedented economic growth and personal popularity once enjoyed by the Turkish leader have given … Continue ReadingA Sultan in Autumn: Erdogan Faces Turkey’s Uncontainable Forces
Categories Economy Emerging Markets General Global economic recovery is strong but uneven Cem CetingucPosted on9 June, 2021 The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in … Continue ReadingGlobal economic recovery is strong but uneven
Categories Economy Politics Cyprus’ reunification: What next after failed talks? Güldem AtabayPosted on8 June, 2021 Weeks after United Nations-led talks in April failed to resuscitate negotiations to reunify Cyprus, the … Continue ReadingCyprus’ reunification: What next after failed talks?
Categories Economy HIGHLIGHTS Politics What happens when Biden and Erdogan meet next week? Güldem AtabayPosted on8 June, 2021 Joe Biden will depart on Thursday for Europe on his first foreign trip as US … Continue ReadingWhat happens when Biden and Erdogan meet next week?
Categories Economy Güldem Atabay HIGHLIGHTS The ‘captain of the economy’ in Turkey can no longer re-direct the ship Güldem AtabayPosted on7 June, 2021 As the cycle of economic crises in Turkey began to shake the governing alliance, organised … Continue ReadingThe ‘captain of the economy’ in Turkey can no longer re-direct the ship
Categories Economy HIGHLIGHTS Politics Expert report says Turkish journalists accused of ‘financial coup attempt’ are innocent Güldem AtabayPosted on6 June, 2021 Two Bloomberg reporters and a handful of famous Turkish journalists accused of an attempted financial … Continue ReadingExpert report says Turkish journalists accused of ‘financial coup attempt’ are innocent
Categories Economy HIGHLIGHTS From Best to Worst: Investors Are Souring on Turkey’s Markets Güldem AtabayPosted on6 June, 2021 In just three months, the Turkish lira has gone from best to worst. The currency … Continue ReadingFrom Best to Worst: Investors Are Souring on Turkey’s Markets
Categories Business Economy HIGHLIGHTS Politics Real Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in? Atilla YeşiladaPosted on4 June, 2021 For good or bad, the pandemic has accelerated numerous trends that were reconfiguring the … Continue ReadingReal Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?
Categories Economy Inflation, May 2021: Weak demand dominated strong cost pressures Atilla YeşiladaPosted on4 June, 2021 Turkey’s CPI increased by 0.89% MoM in May driving YoY CPI from 17.14% to 16.59%. … Continue ReadingInflation, May 2021: Weak demand dominated strong cost pressures
Categories Economy HIGHLIGHTS Turkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure Güldem AtabayPosted on3 June, 2021 Turkey’s consumer inflation rate snapped seven months of increases in May, making it harder for … Continue ReadingTurkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure
Categories Economy HIGHLIGHTS Erdoğan offers 5 different explanations on missing $128 bln since February Güldem AtabayPosted on2 June, 2021 President Recep Tayyip Erdoğan’s statement that one doesn’t ask the central bank about funds’ fate … Continue ReadingErdoğan offers 5 different explanations on missing $128 bln since February
Categories Economy HIGHLIGHTS Lira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay Güldem AtabayPosted on2 June, 2021 Turkish President Recep Tayyip Erdogan’s demand for interest-rate cuts sent a brief shockwave through the … Continue ReadingLira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay
Categories Economy HIGHLIGHTS Turkey’s May PMI slides below 50.0 benchmark Güldem AtabayPosted on1 June, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed that … Continue ReadingTurkey’s May PMI slides below 50.0 benchmark
Categories Economy HIGHLIGHTS Turkish consumer confidence declines to 11-year low – BloombergHT survey Güldem AtabayPosted on1 June, 2021 Consumer confidence in Turkey fell to the lowest level since January 2010, according to a … Continue ReadingTurkish consumer confidence declines to 11-year low – BloombergHT survey
