Categories Economy HIGHLIGHTS Turkish inflation is out of control Atilla YeşiladaPosted on11 December, 2021 Cover chart: 12 and 24 month ahead inflation forecasts as published by Central Bank of … Continue ReadingTurkish inflation is out of control
Categories Economy General HIGHLIGHTS Markets Currency crisis hits hard in Turkey Cem CetingucPosted on9 December, 2021 Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Economy General HIGHLIGHTS Politics Turkey Nears Tipping Point: Capital Controls, Use of Reserves Unlikely to Prevent Lira Depreciation Güldem AtabayPosted on9 December, 2021 The government in Ankara has few options available so long as President Recep Tayyip Erdoğan … Continue ReadingTurkey Nears Tipping Point: Capital Controls, Use of Reserves Unlikely to Prevent Lira Depreciation
Categories Economy HIGHLIGHTS Politics The richest 10 percent captures 54 percent of Turkey’s total income Güldem AtabayPosted on8 December, 2021 Founded by economist Thomas Piketty, the Paris-based World Inequality Lab has released its World Inequality Report … Continue ReadingThe richest 10 percent captures 54 percent of Turkey’s total income
Categories Economy HIGHLIGHTS Politics Turkey’s Erdogan to Ignore European Rulings on Kavala, Demirtas Güldem AtabayPosted on8 December, 2021 Turkish President Erdogan vowed to ignore calls by Europe for the release of jailed businessman … Continue ReadingTurkey’s Erdogan to Ignore European Rulings on Kavala, Demirtas
Categories Economy HIGHLIGHTS Can China’s economic model really be an example for Turkey? Güldem AtabayPosted on7 December, 2021 As the value of the Turkish Lira plummets, President Recep Tayyip Erdoğan reportedly said at … Continue ReadingCan China’s economic model really be an example for Turkey?
Categories Economy HIGHLIGHTS Bloomberg analysis: Erdogan’s economic plan in five charts Güldem AtabayPosted on7 December, 2021 Bloomberg signed analysis point at how Turkey’s President Erdogan is pushing for lower borrowing costs … Continue ReadingBloomberg analysis: Erdogan’s economic plan in five charts
Categories Economy Emerging Markets HIGHLIGHTS Markets Bank investment chiefs cautious about China and emerging markets Cem CetingucPosted on7 December, 2021 Market volatility and uncertainty over China’s indebted property sector is making bank investment chiefs cautious … Continue ReadingBank investment chiefs cautious about China and emerging markets
Categories Economy HIGHLIGHTS Moody’s revises up Turkey’s GDP forecast Güldem AtabayPosted on6 December, 2021 International credit rating agency Moody’s has revised up its Turkey growth forecast for this year from 9.2 percent … Continue ReadingMoody’s revises up Turkey’s GDP forecast
Categories Economy HIGHLIGHTS Council of Europe urges Turkey to ‘release Selahattin Demirtaş immediately’ Güldem AtabayPosted on6 December, 2021 The Committee of Ministers of the Council of Europe, which is responsible for overseeing the … Continue ReadingCouncil of Europe urges Turkey to ‘release Selahattin Demirtaş immediately’
Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
Categories Economy HIGHLIGHTS Turkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu Güldem AtabayPosted on3 December, 2021 Turkey’s state-run statistics office (TÜİK) has not allowed main opposition Republican People’s Party (CHP) leader … Continue ReadingTurkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu
Categories Economy HIGHLIGHTS Independent research group calculates November inflation three times that of the official figure Güldem AtabayPosted on3 December, 20213 December, 2021 Established by a group of academics and announcing alternative inflation rates in Turkey using official … Continue ReadingIndependent research group calculates November inflation three times that of the official figure
Categories Economy HIGHLIGHTS Gedik Investment Economist: CPI inflation may exceed 30% soon Atilla YeşiladaPosted on3 December, 2021 COVER Chart: Turkey CPI and domestic PPI in November 2021 CPI inflation exceeds expectations … Continue ReadingGedik Investment Economist: CPI inflation may exceed 30% soon
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories Economy HIGHLIGHTS Turkish Central Bank chief signals rate-cut pause in January Güldem AtabayPosted on2 December, 2021 Turkey’s Central Bank chief signaled on Dec. 2 that aggressive policy easing will likely pause … Continue ReadingTurkish Central Bank chief signals rate-cut pause in January
Categories Economy HIGHLIGHTS Why is Turkey’s lira crashing and will currency crisis worsen? Güldem AtabayPosted on2 December, 2021 Once again, Turkey is in the throes of a currency crisis. The lira has lost … Continue ReadingWhy is Turkey’s lira crashing and will currency crisis worsen?
Categories Economy General HIGHLIGHTS Markets Central bank intervenes Turkish lira following another sudden crash Güldem AtabayPosted on2 December, 2021 Turkey’s central bank to support the sinking lira, directly intervened the foreign-exchange markets for the … Continue ReadingCentral bank intervenes Turkish lira following another sudden crash
Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’