Categories HIGHLIGHTS Markets Video Commentary: Turkey on the Verge of Currency Crisis Atilla YeşiladaPosted on31 March, 2021 Turkey on the verge of a currency crisis President Erdogan’s one-man, no-clue governance … Continue ReadingVideo Commentary: Turkey on the Verge of Currency Crisis
Categories Economy HIGHLIGHTS Truth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief Güldem AtabayPosted on31 March, 2021 Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just … Continue ReadingTruth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief
Categories Economy HIGHLIGHTS Bloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira Atilla YeşiladaPosted on31 March, 2021 After Goldman Sachs, Bloomberg Economics, too, revised its Turkey 2021 forecasts. Bloomberg expects higher inflation … Continue ReadingBloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira
Categories Emerging Markets Wells Fargo: Emerging markets flipping to tightening Atilla YeşiladaPosted on31 March, 2021 Over the past few weeks, multiple central banks within the emerging markets have started the … Continue ReadingWells Fargo: Emerging markets flipping to tightening
Categories General Turkey avoided recession, however high inflation and Lira volatility remains Cem CetingucPosted on31 March, 2021 Relations with the EU and the US remain strained: President Erdogan won the June 2018 … Continue ReadingTurkey avoided recession, however high inflation and Lira volatility remains
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit grows in February Güldem AtabayPosted on31 March, 2021 In February Turkey’s exports posted 9.6% yoy growth reaching USD 16.0bn as imports also grew … Continue ReadingTurkey’s foreign trade deficit grows in February
Categories Economy HIGHLIGHTS Turkey Economic Confidence Index rose to 98.9 in March Güldem AtabayPosted on31 March, 2021 Turkey’s Economic Confidence Index rose by 3.3% in March from 95.8 in February to 98.9 … Continue ReadingTurkey Economic Confidence Index rose to 98.9 in March
Categories Business Politics Turkey to complain to WTO over informal Saudi boycott Cem CetingucPosted on31 March, 202131 March, 2021 Turkey is to take the semiofficial boycott by Saudi Arabia on made-in-Turkey goods to the … Continue ReadingTurkey to complain to WTO over informal Saudi boycott
Categories General AK Party shaken by “powdered sugar” scandal Atilla YeşiladaPosted on31 March, 2021 If you are worried AK Party is “Islamizing” Turkey, don’t. It is the amenities of … Continue ReadingAK Party shaken by “powdered sugar” scandal
Categories Economy HIGHLIGHTS Turkey: Lira shock leads to lower GDP forecast Atilla YeşiladaPosted on31 March, 2021 The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap … Continue ReadingTurkey: Lira shock leads to lower GDP forecast
Categories Economy General Reuters: ‘We will not be able to pay our bills’: Turks set to lose a COVID-19 income support Atilla YeşiladaPosted on31 March, 2021 Amidst the confusion and loss of economic confidence caused by the swift slide of the … Continue ReadingReuters: ‘We will not be able to pay our bills’: Turks set to lose a COVID-19 income support
Categories Economy HIGHLIGHTS Central Bank’s new Governor Kavcioglu promises positive real yield Güldem AtabayPosted on30 March, 2021 Turkey’s new Central Bank Governor Sahap Kavcioglu said current elevated levels of inflation require tight … Continue ReadingCentral Bank’s new Governor Kavcioglu promises positive real yield
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Business Company & Industry Company Outlook | Mavi: Emerging stronger Cem CetingucPosted on30 March, 202130 March, 2021 Managing inventories, preserving margins: Despite a c26% drop in retail revenues in FY21 and an … Continue ReadingCompany Outlook | Mavi: Emerging stronger
Categories Economy HIGHLIGHTS Another midnight presidential decree, another round of TL weakness Güldem AtabayPosted on30 March, 2021 Turkey’s President Erdoğan sacked the Central Bank Deputy Governor Murat Cetinkaya in a midnight presidential decree … Continue ReadingAnother midnight presidential decree, another round of TL weakness
Categories Economy HIGHLIGHTS Politics UPDATE (New case figures added): President Erdogan introduces new but mild curfew measures Güldem AtabayPosted on29 March, 202131 March, 2021 Turkey has recorded 37,303 new coronavirus cases in the space of 24 hours, the highest … Continue ReadingUPDATE (New case figures added): President Erdogan introduces new but mild curfew measures
Categories Economy HIGHLIGHTS Turkish lira keeps sliding as new Governor’s comments do not anchor Güldem AtabayPosted on29 March, 202129 March, 2021 Turkey’s lira lost more than 1% of its value on Monday, continuing its sharp decline … Continue ReadingTurkish lira keeps sliding as new Governor’s comments do not anchor
Categories Economy Politics Erdogan starts a political earthquake in Turkey Cem CetingucPosted on29 March, 2021 Vijay Prashad, Ahmet Tonak Significant developments are underway in Turkey. Most ominously, the government of … Continue ReadingErdogan starts a political earthquake in Turkey
Categories Economy Güldem Atabay Politics Erdoğan firing central bank governor gamble on snap elections Cem CetingucPosted on29 March, 202129 March, 2021 Turkey’s President Recep Tayyip Erdoğan shook international markets by firing the well-regarded governor of the … Continue ReadingErdoğan firing central bank governor gamble on snap elections
Categories Economy Politics Turkey’s economic mess is a policy failure rather than a divine test Cem CetingucPosted on29 March, 2021 David Lepeska President Recep Tayyip Erdogan subtly acknowledged the depth of Turkey’s financial woes in … Continue ReadingTurkey’s economic mess is a policy failure rather than a divine test
