Video  Commentary:  The Dark Secret in TURKEY’s MTEP

The Dark Secret in TURKEY’s MTEP

(Medium Term Economic Program)

  • The annually revised 3-year Medium Term Economic Program is a critical document providing forward guidance to economic actors regarding the government’s intended legislation and economic policy.
  • As usual, the economic projections are unduly rosy. Turkey can’t grow 4% + per annum, while reducing inflation and current account deficits.
  • The Dark Secret in MTEP is hidden NOT in  the document, but IN THE WEAY it is presented.
  • This Dark Secret can make all the difference in guiding the reaction to MTYEP.
  • Mehmet Simsek plans to use MTEP to attract financial investments to Turkey. Can he do it?
  • Is Turkey safe from another currency crisis this winter?
  • Useful source:  Analysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth




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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.