Categories Economy HIGHLIGHTS Politics Erdogan: Interest rates will be lowered to single digits; main opposition CHP behind the retired admirals declaration Güldem AtabayPosted on7 April, 2021 Turkish President Erdoğan said a declaration by over 100 retired naval admirals at the weekend … Continue ReadingErdogan: Interest rates will be lowered to single digits; main opposition CHP behind the retired admirals declaration
Categories Economy HIGHLIGHTS Turkey tops Europe for COVID-19 infections as cases reach record high Güldem AtabayPosted on7 April, 20217 April, 2021 COVID-19 cases in Turkey hit a daily 49,584 on Tuesday, the highest figure since the … Continue ReadingTurkey tops Europe for COVID-19 infections as cases reach record high
Categories Economy Emerging Markets Brookings TIGER Index: The world economy stumbles toward a two-track recovery Atilla YeşiladaPosted on7 April, 2021 The world economy faces sharply divergent growth prospects across various regions, as prospects of a … Continue ReadingBrookings TIGER Index: The world economy stumbles toward a two-track recovery
Categories Economy Emerging Markets IMF: Divergent recovery creates financial stability risk Atilla YeşiladaPosted on7 April, 2021 After enduring a tumultuous 2020, the global economy is finally emerging from the worst phases … Continue ReadingIMF: Divergent recovery creates financial stability risk
Categories Economy HIGHLIGHTS Central Bank blames commodity prices, wek TL and supply problems for rising inflation Güldem AtabayPosted on6 April, 2021 The Central Bank has released the Monthly Price Developments Report for March. With monthly consumer … Continue ReadingCentral Bank blames commodity prices, wek TL and supply problems for rising inflation
Categories Economy HIGHLIGHTS Independent scholars say Turkey’s March inflation at Güldem AtabayPosted on5 April, 2021 The ENAGrup monthly inflation rate is estimated at 3.36% in March 2021. Certain factors played … Continue ReadingIndependent scholars say Turkey’s March inflation at
Categories Economy General HIGHLIGHTS Turkey’s March inflation at 16.2% Güldem AtabayPosted on5 April, 2021 Turkey’s annual inflation climbed above 16% in March for the first time since mid-2019, data … Continue ReadingTurkey’s March inflation at 16.2%
Categories Economy HYPED Turkey’s inflation expected to surge above 16% in March Atilla YeşiladaPosted on5 April, 2021 Turkey’s consumer price inflation is expected to exceed 16% in March, multiple surveys estimated, rising … Continue ReadingTurkey’s inflation expected to surge above 16% in March
Categories Economy HIGHLIGHTS Turkey Stirs Fragile Five Fears Güldem AtabayPosted on4 April, 2021 The market meltdown following Turkey’s central-bank shakeup is reviving a longtime debate among the world’s … Continue ReadingTurkey Stirs Fragile Five Fears
Categories Economy Emerging Markets S&P upgrades growth forecast for emerging markets Atilla YeşiladaPosted on2 April, 2021 Ratings agency S&P Global is lifting its growth forecast for emerging markets for 2021 on … Continue ReadingS&P upgrades growth forecast for emerging markets
Categories Economy HIGHLIGHTS Turkey Central Bank Chief Flags Tight Policy, Continuity Güldem AtabayPosted on1 April, 2021 Turkey’s new central bank governor Sahap Kavcioglu delivered a message of continuity and discussed a … Continue ReadingTurkey Central Bank Chief Flags Tight Policy, Continuity
Categories Economy CB governor to be tested on Monday Atilla YeşiladaPosted on1 April, 2021 TL firmed on Thursday, thanks to extremely strong March export figures, which helped the monthly … Continue ReadingCB governor to be tested on Monday
Categories Economy HIGHLIGHTS Markets BREAKING: TL soars on promises by Central Bank Governor Atilla YeşiladaPosted on1 April, 2021 Dollar/TL currently trading at 8.13, having gained %1.42 for the day. Business Recorder reports … Continue ReadingBREAKING: TL soars on promises by Central Bank Governor
Categories Economy HIGHLIGHTS BloombergHT Consumer Confidence Survey: March reflects strong drop Güldem AtabayPosted on1 April, 2021 Bloomberg HT Consumer Confidence Index decreased by 5.69 percent compared to the final index of … Continue ReadingBloombergHT Consumer Confidence Survey: March reflects strong drop
Categories Economy HIGHLIGHTS March PMI stronger; beware of the brewing inflation forces Güldem AtabayPosted on1 April, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed the … Continue ReadingMarch PMI stronger; beware of the brewing inflation forces
Categories Economy HIGHLIGHTS Truth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief Güldem AtabayPosted on31 March, 2021 Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just … Continue ReadingTruth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief
Categories Economy HIGHLIGHTS Bloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira Atilla YeşiladaPosted on31 March, 2021 After Goldman Sachs, Bloomberg Economics, too, revised its Turkey 2021 forecasts. Bloomberg expects higher inflation … Continue ReadingBloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit grows in February Güldem AtabayPosted on31 March, 2021 In February Turkey’s exports posted 9.6% yoy growth reaching USD 16.0bn as imports also grew … Continue ReadingTurkey’s foreign trade deficit grows in February
Categories Economy HIGHLIGHTS Turkey Economic Confidence Index rose to 98.9 in March Güldem AtabayPosted on31 March, 2021 Turkey’s Economic Confidence Index rose by 3.3% in March from 95.8 in February to 98.9 … Continue ReadingTurkey Economic Confidence Index rose to 98.9 in March
Categories Economy HIGHLIGHTS Turkey: Lira shock leads to lower GDP forecast Atilla YeşiladaPosted on31 March, 2021 The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap … Continue ReadingTurkey: Lira shock leads to lower GDP forecast
