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 Politics Tim Ash on Erdogan’s economic policy: Erdogan is not for turning Atilla YeşiladaPosted on7 April, 2023 Not unexpected commentary from Turkey’s finance minister, Nebati, over the past 24h to say that … Continue ReadingTim Ash on Erdogan’s economic policy: Erdogan is not for turning
Categories Finance HYPED Markets Morgan Stanley: Increased pressure on Turkish Lira in the run-up to the elections Atilla YeşiladaPosted on6 April, 2023 Wider trade deficits A policy preference to keep the nominal exchange rate stable amid deeply … Continue ReadingMorgan Stanley: Increased pressure on Turkish Lira in the run-up to the elections
Categories Economy HIGHLIGHTS ING: Turkish inflation falls to 50.5% on large base effects Atilla YeşiladaPosted on4 April, 2023 A better-than-expected reading of 2.29% in March left the annual inflation rate at 50.5%, down … Continue ReadingING: Turkish inflation falls to 50.5% on large base effects
Categories Economy HIGHLIGHTS Markets Turkish exports increased by 4.4 percent in March, trade deficit surges to a new quarterly high Cem CetingucPosted on4 April, 20234 April, 2023 Turkey’s exports increased by 4.4% in March compared to the same month of the previous … Continue ReadingTurkish exports increased by 4.4 percent in March, trade deficit surges to a new quarterly high
Categories Finance HIGHLIGHTS Turkish lira may continue to weaken after general elections in May, experts say Atilla YeşiladaPosted on2 April, 2023 Turkey’s widening external deficits, the steady bleed of Central Bank reserves and daily regulatory interventions … Continue ReadingTurkish lira may continue to weaken after general elections in May, experts say
Categories Business Finance HYPED Prof Hayri Kozanoglu: Who should pay the cost of quake reconstruction? Atilla YeşiladaPosted on1 April, 2023 Prof Hayri Kozanoglu, renown economist and one of the leading left-wing intellectuals of the older … Continue ReadingProf Hayri Kozanoglu: Who should pay the cost of quake reconstruction?
Categories Economy HIGHLIGHTS S&P downgrades Turkey’s outlook, updates dollar/TL forecast Atilla YeşiladaPosted on1 April, 2023 S&P Global Ratings lowered its outlook on Turkey from “stable” to “negative” on Friday, citing … Continue ReadingS&P downgrades Turkey’s outlook, updates dollar/TL 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 General HIGHLIGHTS UN reports massive job loss after Turkey-Syria earthquake Cem CetingucPosted on29 March, 202329 March, 2023 Hundreds of thousands of workers in Turkey and Syria have lost their livelihoods due to … Continue ReadingUN reports massive job loss after Turkey-Syria earthquake
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 General HIGHLIGHTS Life will gradually get back to normal after earthquake: Erdoğan Cem CetingucPosted on28 March, 2023 With the revival of the economy, industrial production and other activities, the return of locals to … Continue ReadingLife will gradually get back to normal after earthquake: Erdoğan
Categories Economy HIGHLIGHTS HYPED Turkey’s unemployment rate fell to 10.4 percent in 2022 Cem CetingucPosted on24 March, 2023 The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022
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 Politics Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election Cem CetingucPosted on23 March, 2023 Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip … Continue ReadingErdogan Aims to Revive Turkey’s Economic Standing Prior to Election
Categories Economy General HIGHLIGHTS Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes Cem CetingucPosted on22 March, 202322 March, 2023 The February earthquakes are expected to cost 104 billion dollars (~2 trillion Turkish liras) to … Continue ReadingErdogan: Turkey to Lose 104 Billion dollars due to Earthquakes
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 HIGHLIGHTS AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited Atilla YeşiladaPosted on16 March, 2023 The draft election manifesto of Turkish President Tayyip Erdogan’s AK Party marks a return to … Continue ReadingAKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited