Categories Economy HIGHLIGHTS Politics Election reckoning for ‘Erdoganomics’ in Turkey Cem CetingucPosted on8 May, 20239 May, 2023 If Turks oust President Tayyip Erdogan in elections this month it will largely be because … Continue ReadingElection reckoning for ‘Erdoganomics’ in Turkey
Categories Economy HIGHLIGHTS IYIP economic supremo Prof Bilge Yilmaz on policy after elections Atilla YeşiladaPosted on5 May, 2023 Iyi Party Chief Economic Policy Advisor Prof. Dr. Bilge Yılmaz said, “It is not necessary … Continue ReadingIYIP economic supremo Prof Bilge Yilmaz on policy after elections
Categories Economy General HIGHLIGHTS Turkish trade hindered by earthquakes and adverse calendar impact in April Cem CetingucPosted on4 May, 20234 May, 2023 Türkiye’s foreign trade deficit widened in April as exports fell due to the prolonged effect … Continue ReadingTurkish trade hindered by earthquakes and adverse calendar impact in April
Categories Economy General HIGHLIGHTS TurkStat: Inflation falls to 43.68 in April Cem CetingucPosted on3 May, 20233 May, 2023 Annual consumer price inflation in Türkiye fell to 43.68% in April, TurkStat data showed Wednesday, … Continue ReadingTurkStat: Inflation falls to 43.68 in April
Categories Business Economy HIGHLIGHTS Prof Seda Demiralp: Economic turmoil has created an opening for Turkey’s opposition Atilla YeşiladaPosted on2 May, 2023 Seda Demiralp is an associate professor of international relations at Isik University in Istanbul. Turkey … Continue ReadingProf Seda Demiralp: Economic turmoil has created an opening for Turkey’s opposition
Categories Economy HIGHLIGHTS Politics How does the opposition plan to turn Turkey around? Atilla YeşiladaPosted on1 May, 2023 Turkey’s multi-faceted opposition alliance, the Nation Alliance, wants to undo President Recep Tayyip Erdogan’s two-decade … Continue ReadingHow does the opposition plan to turn Turkey around?
Categories Economy Finance HIGHLIGHTS CEO of İş Bankası: ‘Inflation problem will be around for a while’ Cem CetingucPosted on1 May, 20231 May, 2023 The CEO of İş Bankası, Hakan Aran, stated that the inflation problem cannot be resolved … Continue ReadingCEO of İş Bankası: ‘Inflation problem will be around for a while’
Categories Economy HIGHLIGHTS HYPED Turks reluctant to host guests during Eid holiday over economic concerns Cem CetingucPosted on26 April, 2023 Some 69 percent of the Turkish population said they could not set a rich iftar … Continue ReadingTurks reluctant to host guests during Eid holiday over economic concerns
Categories Economy General HIGHLIGHTS April sees 9.2 percent surge in Turkish consumer sentiment Cem CetingucPosted on26 April, 2023 Consumer sentiment in Turkey rose 9.2% to 87.5 points in April, official data showed on … Continue ReadingApril sees 9.2 percent surge in Turkish consumer sentiment
Categories Economy HIGHLIGHTS Politics Turkish Lira Hits All-Time Low Ahead of Elections Cem CetingucPosted on24 April, 2023 The Turkish lira fell to an all-time low against the US dollar on Tuesday as … Continue ReadingTurkish Lira Hits All-Time Low Ahead of Elections
Categories Finance HIGHLIGHTS Turkey Must Hike Rates After Elections. Who Will Get Spanked Bad? Atilla YeşiladaPosted on21 April, 2023 Turkey must hike rates after elections. Who will get spanked bad? Turkish inflation is running … Continue ReadingTurkey Must Hike Rates After Elections. Who Will Get Spanked Bad?
Categories Economy Finance HIGHLIGHTS IIF Turkey Trip Notes: Kilicdaroglu may win, tough times await the new government Atilla YeşiladaPosted on18 April, 2023 This note summarizes the key takeaways from our meetings with public and private sector institutions … Continue ReadingIIF Turkey Trip Notes: Kilicdaroglu may win, tough times await the new government
Categories Economy HIGHLIGHTS Politics Turkey’s Economy Struggles Ahead of May Elections Cem CetingucPosted on17 April, 2023 As the elections near next month, Erdogan continues to fight inflation while the nation still … Continue ReadingTurkey’s Economy Struggles Ahead of May Elections
Categories Economy Finance HIGHLIGHTS Markets 3 Inflation-Addressing Approaches, Varying in Effectiveness Cem CetingucPosted on17 April, 202317 April, 2023 Turkey has long had a hyperinflation problem, but that doesn’t mean that its central bank … Continue Reading3 Inflation-Addressing Approaches, Varying in Effectiveness
Categories Economy HIGHLIGHTS HYPED Politics Could Turkey’s Inflation Crisis Affect Erdogan’s Re-Election Bid? Cem CetingucPosted on17 April, 202317 April, 2023 A month before Turkey goes to the polls on May 14, the country’s inflation crisis … Continue ReadingCould Turkey’s Inflation Crisis Affect Erdogan’s Re-Election Bid?
Categories Economy General HIGHLIGHTS Politics Turkish Voters Losing Faith in Erdogan as Economy Struggles Cem CetingucPosted on14 April, 2023 Selman Deveci, a chef working his shift at a cafe in the Turkish city of … Continue ReadingTurkish Voters Losing Faith in Erdogan as Economy Struggles
Categories Finance General HIGHLIGHTS Turkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD Cem CetingucPosted on14 April, 2023 Central banks’ interest rates hikes will cost developing countries more than $800 billion in ‘foregone … Continue ReadingTurkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD
Categories Economy HIGHLIGHTS HYPED Politics Erdogan pledges to bring Turkey to the ‘level it deserves’ Cem CetingucPosted on12 April, 2023 President Recep Tayyip Erdoğan has announced the election manifesto of the Ruling Justice and Development … Continue ReadingErdogan pledges to bring Turkey to the ‘level it deserves’
Categories Economy General HIGHLIGHTS Turkstat reveals unemployment rate rose to 10 pct in February Cem CetingucPosted on10 April, 2023 Turkey’s unemployment rate rose 0.2 percentage points month-on-month to 10.0% in February, while a seasonally … Continue ReadingTurkstat reveals unemployment rate rose to 10 pct in February
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