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
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
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
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
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
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’
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
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
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
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
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
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
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
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
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
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
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
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
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
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
