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Tag: economy news

Turkey’s economical concerns ahead of presidential runoff
Categories Economy HIGHLIGHTS HYPED Politics

Turkey’s economical concerns ahead of presidential runoff

Cem CetingucPosted on17 May, 2023

As the Turkish presidential elections head for a runoff between incumbent Recep Tayyip Erdogan and … Continue ReadingTurkey’s economical concerns ahead of presidential runoff

The Guardian: Economic crisis in Turkey predicted to worsen following Erdoğan’s victory in the poll
Categories Economy HIGHLIGHTS Politics

The Guardian: Economic crisis in Turkey predicted to worsen following Erdoğan’s victory in the poll

Cem CetingucPosted on17 May, 2023

Analysts expect Turkey’s economic crisis to worsen after President Tayyip Erdoğan came top in the first … Continue ReadingThe Guardian: Economic crisis in Turkey predicted to worsen following Erdoğan’s victory in the poll

Election reckoning for ‘Erdoganomics’ in Turkey
Categories Economy HIGHLIGHTS Politics

Election reckoning for ‘Erdoganomics’ in Turkey

Cem CetingucPosted on8 May, 20239 May, 2023

If Turks oust President Tayyip Erdogan in elections this month it will largely be because … Continue ReadingElection reckoning for ‘Erdoganomics’ in Turkey

Turkish trade hindered by earthquakes and adverse calendar impact in April
Categories Economy General HIGHLIGHTS

Turkish trade hindered by earthquakes and adverse calendar impact in April

Cem CetingucPosted on4 May, 20234 May, 2023

Türkiye’s foreign trade deficit widened in April as exports fell due to the prolonged effect … Continue ReadingTurkish trade hindered by earthquakes and adverse calendar impact in April

TurkStat: Inflation falls to 43.68 in April
Categories Economy General HIGHLIGHTS

TurkStat: Inflation falls to 43.68 in April

Cem CetingucPosted on3 May, 20233 May, 2023

Annual consumer price inflation in Türkiye fell to 43.68% in April, TurkStat data showed Wednesday, … Continue ReadingTurkStat: Inflation falls to 43.68 in April

CEO of İş Bankası: ‘Inflation problem will be around for a while’
Categories Economy Finance HIGHLIGHTS

CEO of İş Bankası: ‘Inflation problem will be around for a while’

Cem CetingucPosted on1 May, 20231 May, 2023

The CEO of İş Bankası, Hakan Aran, stated that the inflation problem cannot be resolved … Continue ReadingCEO of İş Bankası: ‘Inflation problem will be around for a while’

Turks reluctant to host guests during Eid holiday over economic concerns
Categories Economy HIGHLIGHTS HYPED

Turks reluctant to host guests during Eid holiday over economic concerns

Cem CetingucPosted on26 April, 2023

Some 69 percent of the Turkish population said they could not set a rich iftar … Continue ReadingTurks reluctant to host guests during Eid holiday over economic concerns

April sees 9.2 percent surge in Turkish consumer sentiment
Categories Economy General HIGHLIGHTS

April sees 9.2 percent surge in Turkish consumer sentiment

Cem CetingucPosted on26 April, 2023

Consumer sentiment in Turkey rose 9.2% to 87.5 points in April, official data showed on … Continue ReadingApril sees 9.2 percent surge in Turkish consumer sentiment

Turkish Lira Hits All-Time Low Ahead of Elections
Categories Economy HIGHLIGHTS Politics

Turkish Lira Hits All-Time Low Ahead of Elections

Cem CetingucPosted on24 April, 2023

The Turkish lira fell to an all-time low against the US dollar on Tuesday as … Continue ReadingTurkish Lira Hits All-Time Low Ahead of Elections

Turkey’s Economy Struggles Ahead of May Elections
Categories Economy HIGHLIGHTS Politics

Turkey’s Economy Struggles Ahead of May Elections

Cem CetingucPosted on17 April, 2023

As the elections near next month, Erdogan continues to fight inflation while the nation still … Continue ReadingTurkey’s Economy Struggles Ahead of May Elections

Turkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD
Categories Finance General HIGHLIGHTS

Turkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD

Cem CetingucPosted on14 April, 2023

Central banks’ interest rates hikes will cost developing countries more than $800 billion in ‘foregone … Continue ReadingTurkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD

World Bank boosts Turkey’s growth forecast
Categories Economy HIGHLIGHTS Markets

World Bank boosts Turkey’s growth forecast

Cem CetingucPosted on10 April, 2023

The World Bank has revised upwards its 2023 and 2024 GDP growth estimates for the Turkish economy in its Europe and … Continue ReadingWorld Bank boosts Turkey’s growth forecast

Turkey’s Trade Deficit Soars by Over 50 percent in February
Categories Economy HIGHLIGHTS

Turkey’s Trade Deficit Soars by Over 50 percent in February

Cem CetingucPosted on31 March, 2023

Turkey’s foreign trade deficit surged 51.4% year on year to $12.08 billion in February, with … Continue ReadingTurkey’s Trade Deficit Soars by Over 50 percent in February

March inflation in Turkey expected to drop to 51.3 percent
Categories General HIGHLIGHTS

March inflation in Turkey expected to drop to 51.3 percent

Cem CetingucPosted on30 March, 2023

Turkey’s annual inflation should slow to 51.3 percent in March even as prices continue to … Continue ReadingMarch inflation in Turkey expected to drop to 51.3 percent

Turkey’s banks conduct stress tests ahead of election amid economic uncertainty
Categories Economy HIGHLIGHTS Politics

Turkey’s banks conduct stress tests ahead of election amid economic uncertainty

Cem CetingucPosted on28 March, 202328 March, 2023

Big Turkish banks have launched internal stress tests against possible market shocks due to the … Continue ReadingTurkey’s banks conduct stress tests ahead of election amid economic uncertainty

Turkish opposition promises to undo Erdogan’s economic agenda if elected
Categories General HIGHLIGHTS Politics

Turkish opposition promises to undo Erdogan’s economic agenda if elected

Cem CetingucPosted on28 March, 202328 March, 2023

Reviving Turkey’s struggling economy is top of the agenda for opposition candidates keen to unseat President Recep … Continue ReadingTurkish opposition promises to undo Erdogan’s economic agenda if elected

Foreign investors show interest in Turkish economy after years of instability
Categories Economy Emerging Markets General HIGHLIGHTS

Foreign investors show interest in Turkish economy after years of instability

Cem CetingucPosted on24 March, 2023

Scores of foreign investors are returning to Istanbul and Ankara after years in the cold … Continue ReadingForeign investors show interest in Turkish economy after years of instability

Turkey’s earthquake aftermath leads to an even larger budget deficit
Categories Economy General HIGHLIGHTS HYPED

Turkey’s earthquake aftermath leads to an even larger budget deficit

Cem CetingucPosted on20 March, 2023

Turkey’s central government budget recorded a deficit of 170.56 billion lira ($8.99 billion) in February, … Continue ReadingTurkey’s earthquake aftermath leads to an even larger budget deficit

Turkish industrial production rose 4.5 percent in January
Categories Economy General

Turkish industrial production rose 4.5 percent in January

Cem CetingucPosted on10 March, 202310 March, 2023

Türkiye’s industrial production in January expanded by 4.5% on a yearly basis, official figures from … Continue ReadingTurkish industrial production rose 4.5 percent in January

Turkey’s inflation falls to 55.2 percent in February
Categories Economy General HIGHLIGHTS

Turkey’s inflation falls to 55.2 percent in February

Cem CetingucPosted on3 March, 2023

Türkiye’s inflation eased slightly more than expected in February, official data showed Friday, but prices … Continue ReadingTurkey’s inflation falls to 55.2 percent in February

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