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 Despite soaring current account deficit, Central Bank FX reserves continue to increase Atilla YeşiladaPosted on12 January, 2023 Cover chart in Turkish: Annualized current account deficits November’s balance of payments data show … Continue ReadingDespite soaring current account deficit, Central Bank FX reserves continue to increase
Categories Economy Emerging Markets HIGHLIGHTS World Bank signals once a decade recession Atilla YeşiladaPosted on10 January, 202310 January, 2023 WASHINGTON — The global economy will come “perilously close” to a recession this year, led … Continue ReadingWorld Bank signals once a decade recession
Categories Company & Industry Economy General HIGHLIGHTS Turkish government announces low interest mortgages for mid-income citizens Cem CetingucPosted on4 January, 2023 Mortgages with lower rates and longer maturities will be offered to middle-income Turkish citizens looking … Continue ReadingTurkish government announces low interest mortgages for mid-income citizens
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 Syrian refugees consider ‘going back’ due to Turkish economic crisis Cem CetingucPosted on14 December, 2022 Amid rampant inflation and an economic crisis in Turkey, and with an election scheduled in … Continue ReadingSyrian refugees consider ‘going back’ due to Turkish economic crisis
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 Politics Erdogan loses ground pre-election as Turkish inflation skyrockets Cem CetingucPosted on8 December, 2022 As Turkey’s annual inflation rate has soared above 80%, families are being forced to stick … Continue ReadingErdogan loses ground pre-election as Turkish inflation skyrockets
Categories Economy General HIGHLIGHTS Politics Saudi Arabia to inject 5B dollars to Turkey before election Cem CetingucPosted on7 December, 2022 Riyadh is considering injecting 5 billion dollars into Turkey’s Central Bank, something that could improve … Continue ReadingSaudi Arabia to inject 5B dollars to Turkey before election
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 General HIGHLIGHTS November CPI announced at 84.39%, Ali Babacan claims it is actually 200% Atilla YeşiladaPosted on5 December, 2022 According to official statistics agency Turkstat (TUIK in Turkish), monthly CPI in November was 2.88% … Continue ReadingNovember CPI announced at 84.39%, Ali Babacan claims it is actually 200%
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?
Categories Economy Finance HIGHLIGHTS HYPED Pressure on Erdogan rises: Turkish economy on a free fall Cem CetingucPosted on30 November, 2022 Turkey’s economy fared worse than forecast as it grew at the slowest pace since a … Continue ReadingPressure on Erdogan rises: Turkish economy on a free fall
Categories Business Economy HIGHLIGHTS Turkey’s trade deficit rose 422 percent in October on energy bill Cem CetingucPosted on29 November, 202229 November, 2022 Turkey’s foreign trade deficit jumped by a whopping 421.7% year-over-year in October, official data showed … Continue ReadingTurkey’s trade deficit rose 422 percent in October on energy bill
Categories Economy General HIGHLIGHTS HYPED Nebati: Turkey’s inflation reached its highest level Cem CetingucPosted on29 November, 2022 Inflation has peaked and will start declining, Treasury and Finance Minister Nureddin Nebati has said. “Inflation has reached … Continue ReadingNebati: Turkey’s inflation reached its highest level
Categories Economy Emerging Markets HIGHLIGHTS Markets Japanese bank warns 7 EM’s face risk of currency crisis Cem CetingucPosted on26 November, 2022 Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan … Continue ReadingJapanese bank warns 7 EM’s face risk of currency crisis
Categories Economy General HIGHLIGHTS OECD: Turkish economy will grow 5.3 percent this year Cem CetingucPosted on26 November, 202226 November, 2022 Turkey’s economy will grow 5.3 percent in 2022, the Organization for Economic Cooperation and Development (OECD) … Continue ReadingOECD: Turkish economy will grow 5.3 percent this year
Categories Business HIGHLIGHTS Politics Fitch election forecast: Erdogan keeps his job, loses the legislature Atilla YeşiladaPosted on26 November, 2022 At Fitch Solutions, we have outlined three possible scenarios for Turkey’s upcoming elections (scheduled for … Continue ReadingFitch election forecast: Erdogan keeps his job, loses the legislature
Categories Company & Industry Economy General HIGHLIGHTS Erdogan: Turkey will impose measures to shops charging excessive prices Cem CetingucPosted on22 November, 2022 Turkish President Tayyip Erdogan said he will hold discussions at the next cabinet meeting on … Continue ReadingErdogan: Turkey will impose measures to shops charging excessive prices
Categories Economy HIGHLIGHTS İs Bank Research: October budget deficit quadruples vs 2021 Atilla YeşiladaPosted on18 November, 2022 The central government budget gave a deficit of 83.3 billion TRY in October. In October, … Continue Readingİs Bank Research: October budget deficit quadruples vs 2021