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
Categories Economy General HIGHLIGHTS Turkish economy trembles after devistating earthquake Cem CetingucPosted on21 February, 2023 Turkey was already battling runaway inflation and relying on rich allies for funding to keep … Continue ReadingTurkish economy trembles after devistating earthquake
Categories Atilla Yeşilada Business HIGHLIGHTS Earthquake blog II: Turkey-Syria death toll could climb to 50K, damage estimates soar to staggering numbers Atilla YeşiladaPosted on12 February, 2023 This is my second posting from Turkey, where the earthquake is the only topic of … Continue ReadingEarthquake blog II: Turkey-Syria death toll could climb to 50K, damage estimates soar to staggering numbers
Categories Economy General HIGHLIGHTS Politics Hunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’ Cem CetingucPosted on26 January, 202327 January, 2023 Turkish Finance Minister Nureddin Nebati has defended the depreciation of lira, saying that the economy … Continue ReadingHunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’
Categories Economy General HIGHLIGHTS Turkish inflation seen at 42.5 precent in 2023 Cem CetingucPosted on18 January, 2023 Turkey’s inflation is expected to fall to 42.5% this year, much higher than an official … Continue ReadingTurkish inflation seen at 42.5 precent in 2023
Categories Economy General HIGHLIGHTS Politics Kılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan Cem CetingucPosted on17 January, 202317 January, 2023 Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has criticized the government over its economic policies … Continue ReadingKılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan
Categories Economy General HIGHLIGHTS Living conditions worsen due to inflation in Turkey despite pay hikes Cem CetingucPosted on13 January, 2023 The government announced a 55-per cent increase in the official minimum wage for 2023 to … Continue ReadingLiving conditions worsen due to inflation in Turkey despite pay hikes
Categories Economy HIGHLIGHTS Politics Erdogan vows to tackle Turkey’s high inflation Cem CetingucPosted on21 December, 2022 President Recep Tayyip Erdoğan on Dec. 21 vowed to sharply decline the inflation in Turkey … Continue ReadingErdogan vows to tackle Turkey’s high inflation
Categories Economy General HIGHLIGHTS Head of Turkish Exporters: FX rate is the real indicator for inflation Cem CetingucPosted on8 December, 20228 December, 2022 The exchange rate should be directly proportional to inflation levels, the head of the Turkish … Continue ReadingHead of Turkish Exporters: FX rate is the real indicator for inflation
Categories Economy General HIGHLIGHTS Turkish Statistical Institute: Inflation slows down in November Cem CetingucPosted on5 December, 2022 The annual consumer price inflation eased from 85.5 percent in October to 84.39 percent in … Continue ReadingTurkish Statistical Institute: Inflation slows down in November
Categories Economy General HIGHLIGHTS Politics What is the fate of Turkish economy? Cem CetingucPosted on4 December, 2022 Turkey has major economic challenges to weather. The Turkish Central Bank continues to cut interest … Continue ReadingWhat is the fate of Turkish economy?