Categories Economy General HIGHLIGHTS Politics Are Turkey’s efforts to fix the economy working? Cem CetingucPosted on20 January, 2022 Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up … Continue ReadingAre Turkey’s efforts to fix the economy working?
Categories Economy General HIGHLIGHTS Turkish economy 2022 outlook: What is the playbook for inflation? Cem CetingucPosted on29 December, 202130 December, 2021 2021 was a year with rising inflation and an economic slowdown. If the recovery in … Continue ReadingTurkish economy 2022 outlook: What is the playbook for inflation?
Categories Economy General HIGHLIGHTS Foreigner shopping craze in Turkey due to Turkish Lira crash Cem CetingucPosted on22 December, 202122 December, 2021 The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne … Continue ReadingForeigner shopping craze in Turkey due to Turkish Lira crash
Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy Finance HIGHLIGHTS Markets IMF reminds interest rate risks as global debt rises to $226 trillion Cem CetingucPosted on16 December, 2021 Global debt surged to $226 trillion last year, its biggest one-year jump since World War … Continue ReadingIMF reminds interest rate risks as global debt rises to $226 trillion
Categories Economy General HIGHLIGHTS Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on14 December, 2021 MoM expectations for next 3 months indicates that the monthly CPI data would remarkably above … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
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 General Turkish band converts garbage into sound waves Cem CetingucPosted on22 November, 202122 November, 2021 Fungistanbul, a trio that began experimenting with a sound they call “Trash Oriental” in 2019, … Continue ReadingTurkish band converts garbage into sound waves
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey
Categories Economy Finance Macro Focus: High single or double digit level of economic growth probable in 3Q21 Cem CetingucPosted on12 November, 2021 In September, IP decreased by 1.5% MoM, but increased by 8.9% YoY. According to the consensus, … Continue ReadingMacro Focus: High single or double digit level of economic growth probable in 3Q21
Categories Economy General Rate cuts possess a risk to Turkey’s GDP growth Cem CetingucPosted on5 November, 20215 November, 2021 Turkey’s economy will grow by 9% this year, buoyed by a revival in exports and … Continue ReadingRate cuts possess a risk to Turkey’s GDP growth
Categories Economy General JPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October Cem CetingucPosted on4 November, 20214 November, 2021 After months of upside surprises, inflation finally surprised to the down side in October. Despite … Continue ReadingJPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October
Categories Economy Erdogan Unorthodox Views on Economy Rattle Turkish Markets Cem CetingucPosted on21 October, 2021 Turkey’s President Recep Tayyip Erdogan doesn’t like it when the country’s banks charge people relatively … Continue ReadingErdogan Unorthodox Views on Economy Rattle Turkish Markets
Categories Company & Industry Economy Global economy struggling with a growing energy crisis Cem CetingucPosted on16 October, 2021 Global economy struggling with a growing energy crisis. The mounting energy prices has become the hottest … Continue ReadingGlobal economy struggling with a growing energy crisis
Categories Company & Industry Economy Turkish industrial production increased by 13.8% annually Cem CetingucPosted on12 October, 2021 When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index … Continue ReadingTurkish industrial production increased by 13.8% annually
Categories Economy HIGHLIGHTS Price hikes accelerate in Turkey amid near 20 percent inflation Cem CetingucPosted on11 October, 202111 October, 2021 Annual inflation rose to 19.58 in September from 19.25 per cent in August, according to … Continue ReadingPrice hikes accelerate in Turkey amid near 20 percent inflation
Categories Economy General EBRD and GEF launch “Regional Circular Economy Initiative” to finance circular economy in Turkey Cem CetingucPosted on8 October, 2021 The European Bank for Reconstruction and Development (EBRD) launched a new programme called the “Regional … Continue ReadingEBRD and GEF launch “Regional Circular Economy Initiative” to finance circular economy in Turkey
Categories Company & Industry Economy Macro Snapshot: Manufacturing PMI, September 2021 Cem CetingucPosted on4 October, 2021 Manufacturing PMI was 52.5 (Prior: 54.1) in September and 53.5 in (2Q21: 50,3, 3Q21: 54,7). … Continue ReadingMacro Snapshot: Manufacturing PMI, September 2021
