Categories Economy HIGHLIGHTS Turkey: fourth-quarter GDP growth driven by domestic demand Güldem AtabayPosted on28 February, 2023 Turkish GDP in the final quarter of 2022 was driven by robust private consumption, while … Continue ReadingTurkey: fourth-quarter GDP growth driven by domestic demand
Categories Economy General HIGHLIGHTS Earthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion” Cem CetingucPosted on22 February, 202322 February, 2023 Two weeks after the Hatay earthquake , the damage assessment is also nearing completion. So … Continue ReadingEarthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”
Categories Economy Finance General HIGHLIGHTS Turkey’s State-Backed Markets Have Few Charms for Foreigners Güldem AtabayPosted on21 February, 2023 Before last week, the stock market was one of Turkey’s last economic pillars that was … Continue ReadingTurkey’s State-Backed Markets Have Few Charms for Foreigners
Categories Economy General HIGHLIGHTS Turkish economy trembles after devistating earthquake Cem CetingucPosted on21 February, 2023 Turkey was already battling runaway inflation and relying on rich allies for funding to keep … Continue ReadingTurkish economy trembles after devistating earthquake
Categories Economy HIGHLIGHTS Politics Turkish President Erdoğan’s grip on power threatened by devastating earthquake Güldem AtabayPosted on19 February, 2023 The earthquake that struck Turkey on Feb. 6, 2023, is first and foremost a human tragedy, one … Continue ReadingTurkish President Erdoğan’s grip on power threatened by devastating earthquake
Categories Economy HIGHLIGHTS Earthquakes Weigh on Turkey’s Already Struggling Economy Güldem AtabayPosted on19 February, 2023 The earthquakes that devastated Turkey and Syria last week are heaping new stresses on the … Continue ReadingEarthquakes Weigh on Turkey’s Already Struggling Economy
Categories Economy Finance HIGHLIGHTS Politics Turkey earthquake: World Bank estimated making homes safe would cost $465bn Güldem AtabayPosted on19 February, 2023 The World Bank estimated in 2021 that retrofitting or rebuilding millions of residential buildings in Turkey to … Continue ReadingTurkey earthquake: World Bank estimated making homes safe would cost $465bn
Categories Economy General HIGHLIGHTS Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn Cem CetingucPosted on17 February, 2023 The potential economic effects of the earthquake in Turkey could result in a loss of up to … Continue ReadingTurkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn
Categories Economy HIGHLIGHTS Özlem Derici Şengül Ozlem Derici Sengul: January budget deficit driven by transfers to loss-making SEEs Atilla YeşiladaPosted on16 February, 2023 January budget deficit at 32.2 billion TL … The central government budget, which had a … Continue ReadingOzlem Derici Sengul: January budget deficit driven by transfers to loss-making SEEs
Categories Economy HIGHLIGHTS Politics Prof Esfender Korkmaz: If it postpones the election, there will be no AKP!.. Atilla YeşiladaPosted on16 February, 202316 February, 2023 Who is Esfender Korkmaz? Prof Esfender Korkmaz is one of the most senior active economists … Continue ReadingProf Esfender Korkmaz: If it postpones the election, there will be no AKP!..
Categories Economy Finance HIGHLIGHTS Central bank imposes more restrictions on currency transactions Güldem AtabayPosted on16 February, 202316 February, 2023 As reported by Bloomberg the Turkish central bank has asked local banks to make forward … Continue ReadingCentral bank imposes more restrictions on currency transactions
Categories Economy HIGHLIGHTS Turkish central bank asks banks to set spread on gold as demand surges due to protection efforts from high inflation Güldem AtabayPosted on15 February, 202316 February, 2023 As reported by Bloomberg, the Turkish central bank has asked local banks to set a … Continue ReadingTurkish central bank asks banks to set spread on gold as demand surges due to protection efforts from high inflation
Categories Economy HIGHLIGHTS Politics Turkey earthquake death toll suggests lessons of 1999 were not learned Güldem AtabayPosted on14 February, 2023 In 1999, more than 17,000 people were killed in an earthquake near the Turkish city of Istanbul. … Continue ReadingTurkey earthquake death toll suggests lessons of 1999 were not learned
Categories Economy HIGHLIGHTS ING: Turkey’s 12M rolling current account deficit highest since 2018 Güldem AtabayPosted on13 February, 2023 Breakdown of current account (12M rolling, US$bn) The 12M rolling current account balance showed a … Continue ReadingING: Turkey’s 12M rolling current account deficit highest since 2018
Categories Economy HIGHLIGHTS Timothy Ash: Turkey – Economic implications of the earthquake Güldem AtabayPosted on8 February, 2023 Obviously the earthquake is an enormous human tragedy and we all need to do our … Continue ReadingTimothy Ash: Turkey – Economic implications of the earthquake
Categories Economy General HIGHLIGHTS Turkey Update: Third day into the massive quakes: State of emergency, elections, economic burden… the latest.. Güldem AtabayPosted on8 February, 2023 The twin earthquakes had magnitudes of 7.7 and 7.6, striking Turkey’s southeast and causing widespread … Continue ReadingTurkey Update: Third day into the massive quakes: State of emergency, elections, economic burden… the latest..
Categories Economy General HIGHLIGHTS Politics Earthquake kills over 1,700 in Turkey, Syria; second massive quake follows Güldem AtabayPosted on6 February, 2023 A 7.8-magnitude earthquake in southern Turkey early Monday killed more than 1,700 people across the … Continue ReadingEarthquake kills over 1,700 in Turkey, Syria; second massive quake follows
Categories Economy HIGHLIGHTS Analysis: January CPI surprised to the upside Atilla YeşiladaPosted on6 February, 2023 According to BBVA Garanti research, stable currency helped absorb some upward pressure from strong demand, … Continue ReadingAnalysis: January CPI surprised to the upside
Categories Economy HIGHLIGHTS Politics Senators want to block Turkey F-16 sale until NATO expansion succeeds Güldem AtabayPosted on3 February, 2023 More than a quarter of the Senate sent a letter to President Joe Biden on … Continue ReadingSenators want to block Turkey F-16 sale until NATO expansion succeeds
Categories Business Economy HIGHLIGHTS Markets Turkish exports reach all-time high in January creating a huge trade ficit Cem CetingucPosted on2 February, 20233 February, 2023 Turkey’s exports posted an all-time high January figure at $19.4 billion (TL 365.04 billion), Trade … Continue ReadingTurkish exports reach all-time high in January creating a huge trade ficit
