Categories Economy HIGHLIGHTS TUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling? Atilla YeşiladaPosted on27 November, 2021 Turkey is going through a period where the lira has lost approximately 30% of its … Continue ReadingTUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling?
Categories Economy General HIGHLIGHTS Turkish deputy minister expresses determination to continue policy of interest rate cuts Güldem AtabayPosted on26 November, 2021 Turkey is determined to continue a policy of interest rate cuts, and “manipulative attacks” on the … Continue ReadingTurkish deputy minister expresses determination to continue policy of interest rate cuts
Categories Economy HIGHLIGHTS Erdogan’s mad economic experiment to deliver result in “4-5” months Atilla YeşiladaPosted on26 November, 2021 Despite the ongoing TL collapse, President Erdogan refused to swerve from a mad economic experiment, … Continue ReadingErdogan’s mad economic experiment to deliver result in “4-5” months
Categories Economy Finance HIGHLIGHTS Turkish central bank, banks discuss rates after lira tumble Güldem AtabayPosted on26 November, 2021 Turkey’s central bank governor said he discussed recent interest rate cuts with bankers at a … Continue ReadingTurkish central bank, banks discuss rates after lira tumble
Categories Economy General HIGHLIGHTS Turkish tourism income expected to reach $22 B in 2021 Cem CetingucPosted on25 November, 202125 November, 2021 Turkey wants to generate $22 billion from tourism in 2021 by welcoming more than 28 million foreigners, its … Continue ReadingTurkish tourism income expected to reach $22 B in 2021
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy
Categories Economy HIGHLIGHTS JP Morgan: Slower growth but high inflation in 2022–Turkey Atilla YeşiladaPosted on25 November, 2021 Growth momentum remains strong and the risks to our 2021 growth forecast of 8.4% are … Continue ReadingJP Morgan: Slower growth but high inflation in 2022–Turkey
Categories Economy HYPED Turkish 3Q GDP expected to expand rapidly, but… Atilla YeşiladaPosted on25 November, 2021 Turkey’s economy is expected to have expanded 7.5% in the third quarter of the year … Continue ReadingTurkish 3Q GDP expected to expand rapidly, but…
Categories Economy General HIGHLIGHTS Politics Turkish lira rebounds from record low: State banks run to the rescue while hopes for UAE money rise Güldem AtabayPosted on24 November, 2021 Turkey’s lira recovered as much as 7% on Wednesday from a historic slide to record … Continue ReadingTurkish lira rebounds from record low: State banks run to the rescue while hopes for UAE money rise
Categories Economy HIGHLIGHTS Politics IDEA report labels Turkey as a ‘hybrid regime’ Güldem AtabayPosted on24 November, 2021 Turkey has turned from a backsliding democracy to a hybrid regime, according to the 2021 report of … Continue ReadingIDEA report labels Turkey as a ‘hybrid regime’
Categories Economy HIGHLIGHTS Politics Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day Güldem AtabayPosted on24 November, 2021 Speaking at his party’s parliamentary group meeting, main opposition Republican People’s Party (CHP) Chair … Continue ReadingOpposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day
Categories Economy Finance HIGHLIGHTS Understanding Turkey’s Phenomenal Currency Collapse | Real Turkey Atilla YeşiladaPosted on24 November, 2021 Understanding Turkey’s Phenomenal Currency Collapse Turkish Lira lost more than 40% of … Continue ReadingUnderstanding Turkey’s Phenomenal Currency Collapse | Real Turkey
Categories Economy General HIGHLIGHTS Markets Politics Central bank announcement aids little to TL Güldem AtabayPosted on23 November, 202123 November, 2021 Turkish President Erdogan met with central bank Governor Kavcioglu in the afternoon of the worst … Continue ReadingCentral bank announcement aids little to TL
Categories Economy HIGHLIGHTS Politics Former ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion Güldem AtabayPosted on22 November, 2021 The continued imprisonment of Turkish philanthropist Osman Kavala and Kurdish politician Selahattin Demirtaş may result … Continue ReadingFormer ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion
Categories Economy HIGHLIGHTS Turkey shows emerging markets how not to manage a currency – ex-IMF official Güldem AtabayPosted on22 November, 2021 Turkey is demonstrating to other emerging markets how not to manage a currency, said Desmond … Continue ReadingTurkey shows emerging markets how not to manage a currency – ex-IMF official
Categories Economy HIGHLIGHTS TL weakness pulls down Tukey’s Consumer Confidence Index to all time low Güldem AtabayPosted on22 November, 2021 Seasonally-adjusted consumer confidence index (CCI) in Turkey worsened to 71.1 in November from 76.8 the … Continue ReadingTL weakness pulls down Tukey’s Consumer Confidence Index to all time low
Categories Economy Finance HIGHLIGHTS Excessive rate cuts open Pandora’s Box Atilla YeşiladaPosted on22 November, 2021 After Turkey’s central bank cut rates by another 100bps last Thursday, the lira plummeted to … Continue ReadingExcessive rate cuts open Pandora’s Box
Categories Economy Emerging Markets General HYPED IIF: Global debt dips in 3Q, but EMs full speed… Atilla YeşiladaPosted on18 November, 2021 Global debt dipped in the third quarter of 2021 though it remained near the record … Continue ReadingIIF: Global debt dips in 3Q, but EMs full speed…
Categories Economy Finance HIGHLIGHTS Morgan Stanley bets on more rate cuts, weaker TL Atilla YeşiladaPosted on18 November, 2021 We see a 100bp cut to 15.00% by the CBT this week, although a larger … Continue ReadingMorgan Stanley bets on more rate cuts, weaker TL
Categories Economy Finance HIGHLIGHTS ANALYSIS: Cutting interest rates further would be too risky Atilla YeşiladaPosted on17 November, 2021 Turkey’s central bank is widely anticipated to trim interest rates further on November 18 despite … Continue ReadingANALYSIS: Cutting interest rates further would be too risky
