Categories Economy Emerging Markets Finance Turkey’s dismal fiscal performance that began long before COVID-19 Editor P.A.Posted on15 June, 202017 June, 2020 What goes around comes around to Turkey as well in terms of a rapidly widening … Continue ReadingTurkey’s dismal fiscal performance that began long before COVID-19
Categories Emerging Markets General Assad sacks PM, as economic crisis deepens in Syria Atilla YeşiladaPosted on13 June, 202013 June, 2020 Turkey’s troubled neighbor Syria, which has been roiled in a bloody civil war for almost … Continue ReadingAssad sacks PM, as economic crisis deepens in Syria
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
Categories Company & Industry Emerging Markets Finance Markets Turkey reaches deal with Euroclear for wider foreign access to local bond market Editor P.A.Posted on9 June, 202011 June, 2020 Turkey’s Treasury and Finance Ministry announced on Tuesday that it had reached a deal with … Continue ReadingTurkey reaches deal with Euroclear for wider foreign access to local bond market
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
Categories Emerging Markets Politics What drives Turkey’s growing influence in Africa? Editor P.A.Posted on8 June, 202010 June, 2020 After the fall of the Ottoman Empire, Turkey lost its interest in Africa where it … Continue ReadingWhat drives Turkey’s growing influence in Africa?
Categories Emerging Markets Markets Reuters poll: EM currencies to rally through summer Atilla YeşiladaPosted on7 June, 20209 June, 2020 30 of 52 currency strategists, around 60%, polled by Reuters expect the emerging-market currencies’ recovery … Continue ReadingReuters poll: EM currencies to rally through summer
Categories Emerging Markets General Iran bemoans ill-discipline as coronavirus cases crest again Atilla YeşiladaPosted on4 June, 20204 June, 2020 PA Turkey closely follows the progress of Covid-19 epidemics in Syria, Iraq and Iran, because … Continue ReadingIran bemoans ill-discipline as coronavirus cases crest again
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
Categories Emerging Markets World Bank: Coronavirus Will Leave Lasting Scars On Global Economy Atilla YeşiladaPosted on3 June, 20204 June, 2020 The World Bank has said that the Coronavirus pandemic and strict lockdown measures taken to … Continue ReadingWorld Bank: Coronavirus Will Leave Lasting Scars On Global Economy
Categories Emerging Markets Brad Setzer: Turkey is almost certainly headed for a classic balance-of-payments crisis Atilla YeşiladaPosted on2 June, 20204 June, 2020 Brad W Setzer, a long term and very intuitive Turkey observer wrote about the malaise … Continue ReadingBrad Setzer: Turkey is almost certainly headed for a classic balance-of-payments crisis
Categories Emerging Markets Finance IIF: Capital flows to emerging markets down 78% in May amid pandemic Atilla YeşiladaPosted on2 June, 20202 June, 2020 Capital flows to emerging markets securities fell 78 per cent in May despite efforts to … Continue ReadingIIF: Capital flows to emerging markets down 78% in May amid pandemic
Categories Emerging Markets Tim Ash: The big picture in EM Atilla YeşiladaPosted on1 June, 20203 June, 2020 Emerging Market assets have rallied back well, recovering much of the losses from the immediate … Continue ReadingTim Ash: The big picture in EM
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
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
Categories Emerging Markets Macro Thoughts: Shiny Happy People Atilla YeşiladaPosted on27 May, 202027 May, 2020 Everyone around, love them, love them Put it in your hands, take it, … Continue ReadingMacro Thoughts: Shiny Happy People
Categories Emerging Markets Finance A warning for Turkey: EM’s hidden debt risk Atilla YeşiladaPosted on23 May, 202023 May, 2020 This article penned by MITALI DAS, ŞEBNEM KALEMLI-ÖZCAN, DAMIEN PUY and LILIANA VARELA and published … Continue ReadingA warning for Turkey: EM’s hidden debt risk
Categories Economy Emerging Markets Finance Markets Surprise: the rate cut comes just as the amount expected Editor P.A.Posted on21 May, 202023 May, 2020 For the straight ninth time in a row the central bank of Turkey (CBT) cut … Continue ReadingSurprise: the rate cut comes just as the amount expected
Categories Economy Emerging Markets Politics Haftar’s Forces Announce Air Campaign Against Turkey in Libya Editor P.A.Posted on21 May, 202023 May, 2020 Russian-backed Libyan strongman Khalifa Haftar’s air force will launch what it says are unprecedented strikes … Continue ReadingHaftar’s Forces Announce Air Campaign Against Turkey in Libya
Categories Emerging Markets Finance Markets Ash: Qatari support ‘will not have major impact on Turkish lira’ Editor P.A.Posted on21 May, 202021 May, 2020 Turkey tripled its currency swap agreement with Qatar to $15 billion on the basis of … Continue ReadingAsh: Qatari support ‘will not have major impact on Turkish lira’