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Tag: Turkey economy news

BNP Paribas | Turkish economy: A double edged sword
Categories Economy General HIGHLIGHTS HYPED

BNP Paribas | Turkish economy: A double edged sword

Cem CetingucPosted on23 July, 2022

“Turkey’s economic situation continues to offer a stark contrast, with resilient growth on one hand … Continue ReadingBNP Paribas | Turkish economy: A double edged sword

Turkey’s inflation reaches 73.5 percent in May
Categories Economy General HIGHLIGHTS

Turkey’s inflation reaches 73.5 percent in May

Cem CetingucPosted on3 June, 20223 June, 2022

Turkey’s annual inflation rate rose at a lower-than-expected pace in May but still jumped to … Continue ReadingTurkey’s inflation reaches 73.5 percent in May

Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories Economy Finance General HIGHLIGHTS

Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May

Cem CetingucPosted on2 June, 2022

Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May

Ahval News: 60 percent of Turkey unable to make ends meet, new survey finds
Categories Economy General HIGHLIGHTS

Ahval News: 60 percent of Turkey unable to make ends meet, new survey finds

Cem CetingucPosted on8 April, 2022

Fifty-nine percent of Turkey’s population is unable to make ends meet as their income was … Continue ReadingAhval News: 60 percent of Turkey unable to make ends meet, new survey finds

Erdoğan pledges to protect Turkey against high inflation
Categories Economy General HIGHLIGHTS Politics

Erdoğan pledges to protect Turkey against high inflation

Cem CetingucPosted on7 April, 2022

President Recep Tayyip Erdoğan on April 7 vowed to protect the nation against rising inflation, … Continue ReadingErdoğan pledges to protect Turkey against high inflation

S&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war
Categories Company & Industry Economy Finance HIGHLIGHTS

S&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war

Cem CetingucPosted on4 April, 2022

S&P Global Ratings cut Turkey’s local currency credit rating further into junk, while keeping a … Continue ReadingS&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war

Turkey’s inflation at 61 percent in March
Categories Economy General HIGHLIGHTS HYPED

Turkey’s inflation at 61 percent in March

Cem CetingucPosted on4 April, 2022

Yearly inflation in Turkey hit 61.14% in March, the country’s statistical authority said on Monday, … Continue ReadingTurkey’s inflation at 61 percent in March

Turkey, Poland economy hurt most by war on Ukraine – S&P
Categories Economy General HIGHLIGHTS Markets

Turkey, Poland economy hurt most by war on Ukraine – S&P

Cem CetingucPosted on31 March, 202231 March, 2022

The economies of Turkey and Poland will suffer most in major emerging markets from the … Continue ReadingTurkey, Poland economy hurt most by war on Ukraine – S&P

As Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit
Categories Business Economy General HIGHLIGHTS

As Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit

Cem CetingucPosted on23 March, 2022

As most of the Turkish public saw their savings and purchasing power melt away, 40-year-old … Continue ReadingAs Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit

70 percent of AKP voters think Turkey’s economy is got worse
Categories Economy General HIGHLIGHTS Politics

70 percent of AKP voters think Turkey’s economy is got worse

Cem CetingucPosted on23 March, 2022

A new survey by the Aksoy Research company has found that an overwhelming majority of … Continue Reading70 percent of AKP voters think Turkey’s economy is got worse

Macro Snapshot: Labour Force Statistics
Categories Economy General HIGHLIGHTS

Macro Snapshot: Labour Force Statistics

Cem CetingucPosted on11 March, 202211 March, 2022

Labour force decreased by 22k MoM to 33.8mn and participation rate decreased by 0.1 MoM … Continue ReadingMacro Snapshot: Labour Force Statistics

Meral Akşener condemns economic policies of Turkish government
Categories Economy HIGHLIGHTS Politics

Meral Akşener condemns economic policies of Turkish government

Cem CetingucPosted on20 January, 2022

İYİ (Good) Party leader Meral Akşener on Jan. 19 expressed criticism against the government for its economic … Continue ReadingMeral Akşener condemns economic policies of Turkish government

Erdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes
Categories Economy General HIGHLIGHTS Politics

Erdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes

Cem CetingucPosted on13 January, 202213 January, 2022

Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes

Categories Economy HIGHLIGHTS Politics

Kılıçdaroğlu promises economy will recover, if elected

Cem CetingucPosted on20 December, 2021

The leader of the main opposition party, Kemal Kılıçdaroğlu, has reiterated his vow to recover the … Continue ReadingKılıçdaroğlu promises economy will recover, if elected

President Erdoğan: “Sooner or later inflation will fall”
Categories General HIGHLIGHTS Politics

President Erdoğan: “Sooner or later inflation will fall”

Cem CetingucPosted on20 December, 202120 December, 2021

President Recep Tayyip Erdoğan vowed on Dec. 19 to rein in inflation and reinstated his … Continue ReadingPresident Erdoğan: “Sooner or later inflation will fall”

Simon A. Waldman:  Why Erdogan Will Survive Turkey’s Horrifying Crash
Categories HIGHLIGHTS Politics

Simon A. Waldman:  Why Erdogan Will Survive Turkey’s Horrifying Crash

Atilla YeşiladaPosted on19 December, 2021

Turkey’s economy is in free fall, but this is unlikely to end the reign of … Continue ReadingSimon A. Waldman:  Why Erdogan Will Survive Turkey’s Horrifying Crash

Macro Snapshot: Outstanding External Loans Received by Private Sector
Categories Economy Finance HIGHLIGHTS

Macro Snapshot: Outstanding External Loans Received by Private Sector

Cem CetingucPosted on16 December, 2021

In October, private sectors’ outstanding ST debt (included trade credits) increased by USD6.4bn to USD48.6bn … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector

Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Business Economy HIGHLIGHTS

Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis

Cem CetingucPosted on9 December, 2021

The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis

The price of Turkish Lira’s collapse gets heavy
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

Kılıçdaroğlu criticizes  economic policy, warns citizens of possible price hikes
Categories Economy Politics

Kılıçdaroğlu criticizes economic policy, warns citizens of possible price hikes

Cem CetingucPosted on7 October, 20218 October, 2021

The Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu criticized the government for its economic policies and … Continue ReadingKılıçdaroğlu criticizes economic policy, warns citizens of possible price hikes

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