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Category: Economy

Economy news from Turkey in English

OECD comes  up with two scenarios for Turkey, bad and worse
Categories Economy

OECD comes up with two scenarios for Turkey, bad and worse

Atilla YeşiladaPosted on12 June, 202014 June, 2020

OECD: Unless there is a 2nd wave of the virus, Turkey will be shrinking 4.8 … Continue ReadingOECD comes up with two scenarios for Turkey, bad and worse

As Covid cases rise, growth forecasts become gloomier
Categories Economy

As Covid cases rise, growth forecasts become gloomier

Atilla YeşiladaPosted on12 June, 202012 June, 2020

Turkey has managed to stabilize daily Covid-19 cases in high triple-digits, but three members of … Continue ReadingAs Covid cases rise, growth forecasts become gloomier

Erdogan rules out early elections; modifies the election code to stop the newfound opposition parties
Categories Economy Emerging Markets General Politics

Erdogan rules out early elections; modifies the election code to stop the newfound opposition parties

Editor P.A.Posted on11 June, 202014 June, 2020

President Recep Tayyip Erdoğan has ruled out months-long rumors on early elections, saying that all … Continue ReadingErdogan rules out early elections; modifies the election code to stop the newfound opposition parties

Turkey: From Health Crisis to Political Turbulence
Categories Economy Politics

Turkey: From Health Crisis to Political Turbulence

Atilla YeşiladaPosted on10 June, 202012 June, 2020

Turkey is yet to get over its Covid-19 pandemic, with daily cases rising as quarantines … Continue ReadingTurkey: From Health Crisis to Political Turbulence

ANALYSIS:  Turkish foreign trade dynamics
Categories Economy

ANALYSIS: Turkish foreign trade dynamics

Atilla YeşiladaPosted on9 June, 20209 June, 2020

According to Turkish Exporters Assembly (TİM), exports increased by 7.6% to 9 billion dollars in … Continue ReadingANALYSIS: Turkish foreign trade dynamics

Iranian Trucks Resume Border Trade With Turkey
Categories Economy Emerging Markets

Iranian Trucks Resume Border Trade With Turkey

Editor P.A.Posted on8 June, 20208 June, 2020

Some 150 Iranian trucks entered Turkey on Thursday after the reopening of customs gates between … Continue ReadingIranian Trucks Resume Border Trade With Turkey

BBVA Turkey:  Worst for GDP may already be over
Categories Economy

BBVA Turkey: Worst for GDP may already be over

Atilla YeşiladaPosted on6 June, 20207 June, 2020

Ali Batuhan Barlas / Adem Ileri / Seda Guler Mert / Alvaro Ortiz Turkish Economy … Continue ReadingBBVA Turkey: Worst for GDP may already be over

Minister Albayrak:  First priority is not the budget, but unemployment
Categories Economy

Minister Albayrak: First priority is not the budget, but unemployment

Atilla YeşiladaPosted on6 June, 20206 June, 2020

Amidst efforts to revive economic activity and shield employment and sectors affected by the coronavirus … Continue ReadingMinister Albayrak: First priority is not the budget, but unemployment

Is Bank Research:  Data highlights for Turkish Economy
Categories Economy

Is Bank Research: Data highlights for Turkish Economy

Atilla YeşiladaPosted on6 June, 20209 June, 2020

Turkey’s first quarter growth announced at the end of May signaled that the economic impact … Continue ReadingIs Bank Research: Data highlights for Turkish Economy

Standard Chartered downgrades Turkey growth outlook
Categories Economy

Standard Chartered downgrades Turkey growth outlook

Atilla YeşiladaPosted on5 June, 20205 June, 2020

Double-dip recession Turkey’s economy grew a robust 4.5% y/y in Q1 as it continued to … Continue ReadingStandard Chartered downgrades Turkey growth outlook

Metropoll survey:  Economic misery rises, voters detaching from AKP
Categories Economy General

Metropoll survey: Economic misery rises, voters detaching from AKP

Atilla YeşiladaPosted on5 June, 20209 June, 2020

One of the leading social polling agencies, Metropoll has released part of its “Turkey in … Continue ReadingMetropoll survey: Economic misery rises, voters detaching from AKP

Marc Pierini:   Emerging From the Pandemic, Turkey Rolls Out a More Assertive Foreign Policy
Categories Economy Politics

Marc Pierini: Emerging From the Pandemic, Turkey Rolls Out a More Assertive Foreign Policy

Atilla YeşiladaPosted on4 June, 20206 June, 2020

THE PANDEMIC UNLEASHES DIPLOMATIC AND POLITICAL OPPORTUNITIES Turkey has been sending supplies of medical equipment … Continue ReadingMarc Pierini: Emerging From the Pandemic, Turkey Rolls Out a More Assertive Foreign Policy

ANALYSIS:  Main factor in price increases is the depreciation of the Turkish lira
Categories Economy

ANALYSIS: Main factor in price increases is the depreciation of the Turkish lira

Atilla YeşiladaPosted on4 June, 20204 June, 2020

Turkish Statistical Institute released consumer (CPI) and domestic producer price (D-PPI) indices of May 2020. … Continue ReadingANALYSIS: Main factor in price increases is the depreciation of the Turkish lira

Russia expects Turkey’s final decision delivery of second batch of S-400’s
Categories Economy Politics

Russia expects Turkey’s final decision delivery of second batch of S-400’s

Editor P.A.Posted on3 June, 20204 June, 2020

Moscow is awaiting Ankara’s final decision on the delivery of the second batch of Russia’s … Continue ReadingRussia expects Turkey’s final decision delivery of second batch of S-400’s

Fast and furious: Turkey’s May inflation accelerates
Categories Economy Emerging Markets

Fast and furious: Turkey’s May inflation accelerates

Güldem AtabayPosted on3 June, 20205 June, 2020

Turkey’s consumer price index (CPI) increased by 11.39% annually and 1.36% monthly in May compared … Continue ReadingFast and furious: Turkey’s May inflation accelerates

Bloomberg HT Consumer Confidence recovered in May
Categories Economy

Bloomberg HT Consumer Confidence recovered in May

Atilla YeşiladaPosted on2 June, 20202 June, 2020

May survey data from Turkey reveals a modest improvement in economic activity, as restrictions on … Continue ReadingBloomberg HT Consumer Confidence recovered in May

Yetkin Report:  Erdoğan has no easy feat ahead
Categories Economy General

Yetkin Report: Erdoğan has no easy feat ahead

Atilla YeşiladaPosted on2 June, 20202 June, 2020

The economy is the most important challenge ahead. Before the outbreak’s influence, the government was … Continue ReadingYetkin Report: Erdoğan has no easy feat ahead

April trade data awful; export recovery will be painful
Categories Economy Emerging Markets Finance

April trade data awful; export recovery will be painful

Güldem AtabayPosted on29 May, 20202 June, 2020

As per the official data in April, Turkey’s exports and imports decreased by 41.4% and … Continue ReadingApril trade data awful; export recovery will be painful

Turkey makes a weak start to 2020 making full year GDP contraction unavoidable
Categories Economy Emerging Markets

Turkey makes a weak start to 2020 making full year GDP contraction unavoidable

Güldem AtabayPosted on29 May, 20204 June, 2020

Turkey’s economy posted 1Q20 GDP growth of an annual 4.5 percent, the Turkish Statistical Institute … Continue ReadingTurkey makes a weak start to 2020 making full year GDP contraction unavoidable

Xinhua:  Turkey’s economy faces challenges after COVID-19
Categories Economy

Xinhua: Turkey’s economy faces challenges after COVID-19

Atilla YeşiladaPosted on29 May, 20202 June, 2020

Turkey is seeking to end 2020 with a positive economic growth rate despite negative forecasts … Continue ReadingXinhua: Turkey’s economy faces challenges after COVID-19

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