Categories Economy HIGHLIGHTS ANALYSIS: 2024 Macro Outlook for Turkey Atilla YeşiladaPosted on24 December, 2023 Slowing down growth in 2024 is the essential condition of achieving «sustainable» growth and «sustainable … Continue ReadingANALYSIS: 2024 Macro Outlook for Turkey
Categories Economy HIGHLIGHTS ANALYSIS: Turkish inflation enters downtrend in November data Atilla YeşiladaPosted on5 December, 2023 CPI inflation was 3.28% in November, well below market expectations, yet leading to a rise … Continue ReadingANALYSIS: Turkish inflation enters downtrend in November data
Categories Economy HIGHLIGHTS ANALYSIS: GDP growth was 5.9% in 3Q despite a slowdown in sequential growth Atilla YeşiladaPosted on30 November, 2023 Anemic QoQ growth in 3Q GDP growth turned out to be 5.9% YoY in 3Q23, … Continue ReadingANALYSIS: GDP growth was 5.9% in 3Q despite a slowdown in sequential growth
Categories Finance HIGHLIGHTS ANALYSIS: CBRT hikes the policy rate by 500 bps to 40% Atilla YeşiladaPosted on23 November, 2023 The CBRT raised its policy rate by 500bps to 40%, exceeding market expectations of a … Continue ReadingANALYSIS: CBRT hikes the policy rate by 500 bps to 40%
Categories Economy HIGHLIGHTS ANALYSIS: October budget deficit tame, for the wrong reasons Atilla YeşiladaPosted on17 November, 2023 Gedik Invest chief economist Mr Serkan Gonencler shared his analysis of budget trends with PA … Continue ReadingANALYSIS: October budget deficit tame, for the wrong reasons
Categories Economy HIGHLIGHTS ANALYSIS: September current account in surplus, but what about the winter? Atilla YeşiladaPosted on14 November, 2023 There was a swift decline in 12-month rolling C/A deficit in September… In September, there … Continue ReadingANALYSIS: September current account in surplus, but what about the winter?
Categories Finance HIGHLIGHTS Gedik Investment: CBRT hikes the policy rate by 500 bps to 35% Atilla YeşiladaPosted on27 October, 2023 The CBRT increased the policy rate by 500 bps to 35% The CBRT, in … Continue ReadingGedik Investment: CBRT hikes the policy rate by 500 bps to 35%
Categories Business Economy HYPED Analysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth Atilla YeşiladaPosted on7 September, 2023 The government aims to bring down inflation without sacrificing growth. The government released the new … Continue ReadingAnalysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth
Categories Economy HIGHLIGHTS Current account deficits projected to decline in autumn Atilla YeşiladaPosted on14 August, 2023 Improvement in C/A balance in June… In June, there was a C/A surplus of USD674 … Continue ReadingCurrent account deficits projected to decline in autumn
Categories Economy HIGHLIGHTS New inflation forecast by Gedik Invest: 69 percent by year-end Atilla YeşiladaPosted on27 July, 2023 We revise our end-2023 CPI inflation forecast to 69% from 55% In July, we expect … Continue ReadingNew inflation forecast by Gedik Invest: 69 percent by year-end
Categories Economy HIGHLIGHTS C/A deficit rises to UDS33bn in June, may reach USD50bn by end-22 Atilla YeşiladaPosted on12 August, 2022 Turkey’s external deficits are becoming unsustainable … Read More >C/A deficit rises to UDS33bn in June, may reach USD50bn by end-22
Categories HIGHLIGHTS Markets Turkish Equities Strategy: State of Turkish markets amidst global recession pricing Atilla YeşiladaPosted on9 August, 2022 Risk appetite remains sour as the global recession debate intensifies In these early phases … Continue ReadingTurkish Equities Strategy: State of Turkish markets amidst global recession pricing
Categories HIGHLIGHTS Markets Turkish Equities: Quarterly Strategy Report: The Impact of Global Slowdown Atilla YeşiladaPosted on21 April, 2022 Russia-Ukraine tension has increased risks of stagflation and even recession As we entered the year … Continue ReadingTurkish Equities: Quarterly Strategy Report: The Impact of Global Slowdown
Categories Economy HYPED Commentary: CPI inflation could test 70% mid-year Atilla YeşiladaPosted on6 April, 2022 CPI inflation at 5.46% comes broadly in line with expectations in March and rises to … Continue ReadingCommentary: CPI inflation could test 70% mid-year
Categories Economy HIGHLIGHTS ANALYSIS: CPI inflation at 4.81% exceeds median expectation and rises further to 54.4% Atilla YeşiladaPosted on4 March, 2022 CPI inflation at 4.81% exceeds median expectation in February and rises to 54.4% in YoY … Continue ReadingANALYSIS: CPI inflation at 4.81% exceeds median expectation and rises further to 54.4%
Categories Business HIGHLIGHTS Markets 2022 Strategy Report: Policy Normalization in the Global Economy, Heterodox Policies in the Turkish Economy Atilla YeşiladaPosted on24 January, 2022 The World economy is shifting to policy normalization after the ultra-loose policy setting of the … Continue Reading2022 Strategy Report: Policy Normalization in the Global Economy, Heterodox Policies in the Turkish Economy
Categories Economy HIGHLIGHTS CPI soars past 36 per cent Atilla YeşiladaPosted on3 January, 2022 CPI inflation significantly exceeded median expectation and rises to 36.1% TurkStat revealed December CPI inflation … Continue ReadingCPI soars past 36 per cent
Categories Economy HIGHLIGHTS Gedik Investment Economist: CPI inflation may exceed 30% soon Atilla YeşiladaPosted on3 December, 2021 COVER Chart: Turkey CPI and domestic PPI in November 2021 CPI inflation exceeds expectations … Continue ReadingGedik Investment Economist: CPI inflation may exceed 30% soon
Categories Economy Commentary: Headline CPI inflation in line, but core inflation considerably high Atilla YeşiladaPosted on5 October, 2021 Both headline CPI inflation and core CPI inflation increased on a YoY basis in September. … Continue ReadingCommentary: Headline CPI inflation in line, but core inflation considerably high
Categories Business Economy HIGHLIGHTS July payrolls: Employment growth continues despite volatility in labour market statistics Atilla YeşiladaPosted on10 September, 2021 Unemployment rate witnesses 1.4% points increase, as workforce participation rate increases this time TURKSTAT … Continue ReadingJuly payrolls: Employment growth continues despite volatility in labour market statistics