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’
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI increased to 52 in November Cem CetingucPosted on1 December, 2021 Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure continued to remain above … Continue ReadingMacro Snapshot: Manufacturing PMI increased to 52 in November
Categories Economy HIGHLIGHTS Markets The Aftermath of Currency Collapse: Sudden Stop Syndrome Atilla YeşiladaPosted on1 December, 2021 The Aftermath of Currency Collapse: Sudden Stop Syndrome President Erdogan’s mad experiment called … Continue ReadingThe Aftermath of Currency Collapse: Sudden Stop Syndrome
Categories Economy HIGHLIGHTS Lira sinks as Powell announces plans for faster tapering Güldem AtabayPosted on30 November, 202130 November, 2021 Turkish Lira sank to another record low level following Fed Chair Powell declared intentions for … Continue ReadingLira sinks as Powell announces plans for faster tapering
Categories Economy HIGHLIGHTS Turkey’s wonderful GDP growth… Güldem AtabayPosted on30 November, 202130 November, 2021 Turkey posted 7.4%, yoy GDP growth in Q321 and 2.7% qoq expansion when adjusted for … Continue ReadingTurkey’s wonderful GDP growth…
Categories Economy General HIGHLIGHTS Turkey’s foreign trade keeps narrowing; October figures imply USD 3 bn CA surplus Güldem AtabayPosted on29 November, 2021 Turkey’s October exports posted 20.1% increase to USD 20.8 billion while the import growth was … Continue ReadingTurkey’s foreign trade keeps narrowing; October figures imply USD 3 bn CA surplus
Categories Economy HIGHLIGHTS Turkey’s economic confidence index slides Güldem AtabayPosted on29 November, 2021 Turkey’s official Economic confidence index slid by 2.0% in November from 101.4 in October to … Continue ReadingTurkey’s economic confidence index slides
Categories Economy Güldem Atabay HIGHLIGHTS Atabay: ‘Erdoganomics’ Is The Reason for Lira Losing Ground – Bloomberg Video Güldem AtabayPosted on29 November, 202129 November, 2021 Guldem Atabay, economist at Global Source Turkey and PATurkey columnist, discusses the sharp slump in … Continue ReadingAtabay: ‘Erdoganomics’ Is The Reason for Lira Losing Ground – Bloomberg Video
Categories Economy Emerging Markets General HIGHLIGHTS Politics Turkey’s currency crisis textbook monetary mismanagement Güldem AtabayPosted on29 November, 2021 Central banks around the globe are currently staring at inflation rates unseen in more than … Continue ReadingTurkey’s currency crisis textbook monetary mismanagement
Categories Economy HIGHLIGHTS Politics Erdoğan insists on interest rate cuts, says he studied economics Güldem AtabayPosted on29 November, 2021 President Erdoğan once again reiterated his unconventional hypothesis that reducing interest rates will lead to … Continue ReadingErdoğan insists on interest rate cuts, says he studied economics
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’