Categories Economy General HIGHLIGHTS 37 percent of population cannot afford meat in Turkey: Eurostat Cem CetingucPosted on4 March, 2022 Turkey is the primary country in Europe on the list, where 37% of the population … Continue Reading37 percent of population cannot afford meat in Turkey: Eurostat
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 Economy HIGHLIGHTS Prof Turalay Kenç: Turkey’s unorthodox monetary policy Atilla YeşiladaPosted on4 March, 2022 Economic history resoundingly shows that monetary stimulus alone to boost economic growth against the backdrop … Continue ReadingProf Turalay Kenç: Turkey’s unorthodox monetary policy
Categories Economy HIGHLIGHTS JP Morgan on Turkey: Broad-based price pressures push inflation above 50% in February Atilla YeşiladaPosted on3 March, 2022 The upside surprise in February CPI data and the presence of strong price pressures encouraged … Continue ReadingJP Morgan on Turkey: Broad-based price pressures push inflation above 50% in February
Categories Company & Industry Economy HIGHLIGHTS Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 March, 2022 Foreign trade deficit increased by 234.9% YoY to USD10.3bn in January (Dec.21: USD-6.8bn, Jan.21: USD-3.1bn) … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Company & Industry Economy General HIGHLIGHTS What does Russia-Ukraine crisis mean for Turkish economy? Cem CetingucPosted on25 February, 2022 Ukraine and Russia are two important partners of Turkey in tourism, import of agricultural products, … Continue ReadingWhat does Russia-Ukraine crisis mean for Turkish economy?
Categories Business Economy HIGHLIGHTS Erdogan’s refusal to hike interest rates batters Turkey’s economy Atilla YeşiladaPosted on23 February, 2022 Turkey which is battling high inflation and falling currency value has another challenge now: widening … Continue ReadingErdogan’s refusal to hike interest rates batters Turkey’s economy
Categories Company & Industry Economy General HIGHLIGHTS President Erdogan to ease Turkey’s surging energy bills Cem CetingucPosted on17 February, 2022 Turkey’s president announced a set of measures Wednesday that aim to bring relief to households … Continue ReadingPresident Erdogan to ease Turkey’s surging energy bills
Categories Economy HIGHLIGHTS December current account deficit augurs ill for the New Economy Plan Atilla YeşiladaPosted on12 February, 2022 Turkey’s current account recorded a deficit of US$3.8bn in December, which is up from the … Continue ReadingDecember current account deficit augurs ill for the New Economy Plan
Categories Finance HIGHLIGHTS Fitch attacks at midnight Atilla YeşiladaPosted on12 February, 2022 Fitch Ratings has downgraded Turkey’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘B+’ from … Continue ReadingFitch attacks at midnight
Categories Emerging Markets Finance HIGHLIGHTS Fed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly Atilla YeşiladaPosted on11 February, 2022 American Central Bank Fed will start raising its interest rates by March. It will also … Continue ReadingFed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly
Categories Business General HIGHLIGHTS CN: Fears of a catastrophic run on the banks… Atilla YeşiladaPosted on7 February, 2022 Turks are angry and becoming suddenly poor after years of rising wealth as their country’s … Continue ReadingCN: Fears of a catastrophic run on the banks…
Categories Economy HIGHLIGHTS JP Morgan on Turkey: annual inflation gets near the 50% mark as expected Atilla YeşiladaPosted on4 February, 2022 Turkey posted a double-digit monthly inflation for the second consecutive month; this was not seen … Continue ReadingJP Morgan on Turkey: annual inflation gets near the 50% mark as expected
Categories Economy HIGHLIGHTS Markets ‘Erdogan has his head in the sand,’ says analyst on Turkish economy Atilla YeşiladaPosted on2 February, 2022 President Recep Tayyip Erdogan is jeopardizing Turkey’s economy by pursuing an unorthodox economic policy in … Continue Reading‘Erdogan has his head in the sand,’ says analyst on Turkish economy
Categories Business Economy Finance HIGHLIGHTS Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on1 February, 2022 In January, manufacturing CUR and construction confidence index decreased whereas real sector, service and retail … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Economy HIGHLIGHTS Recep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions Atilla YeşiladaPosted on28 January, 2022 The Turkish economy has suffered three major currency crises since a difficult turn was taken, … Continue ReadingRecep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions
Categories Economy HIGHLIGHTS CBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic Atilla YeşiladaPosted on27 January, 2022 The CBRT increased year-end inflation forecast from 11.8% (forecast range: 9.6-14%) to 23.2% (forecast range: … Continue ReadingCBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic
Categories Economy General HIGHLIGHTS Politics Are Turkey’s efforts to fix the economy working? Cem CetingucPosted on20 January, 2022 Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up … Continue ReadingAre Turkey’s efforts to fix the economy working?
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
Categories Finance HIGHLIGHTS CBRT passes up on rate cut, but more are underway Atilla YeşiladaPosted on20 January, 2022 The Turkish Central Bank left its weekly repo rate unchanged 14%, in-line with expectations. This … Continue ReadingCBRT passes up on rate cut, but more are underway