Categories Economy General HIGHLIGHTS GDP data: Long way to go to rebalance Turkish economy Cem CetingucPosted on10 March, 2024 Turkey’s fourth-quarter GDP data showed that private spending has accelerated despite an increasingly restrictive policy stance … Continue ReadingGDP data: Long way to go to rebalance Turkish economy
Categories Economy Finance HIGHLIGHTS Fitch upgrades Turkey’s sovereign rating to B+ on tighter monetary policies, Simsek claims credit Atilla YeşiladaPosted on9 March, 2024 Fitch upgraded Turkey’s rating to “B+” from “B” on Friday, saying tighter approaches to monetary … Continue ReadingFitch upgrades Turkey’s sovereign rating to B+ on tighter monetary policies, Simsek claims credit
Categories Economy HIGHLIGHTS As Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes Güldem AtabayPosted on6 March, 2024 The Central Bank of Turkey took additional tightening measures to support the tight monetary policy. … Continue ReadingAs Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes
Categories Economy HIGHLIGHTS JPMorgan reveals new forecast after inflation hike in Turkey Cem CetingucPosted on5 March, 2024 LONDON (Reuters) – Stronger-than-expected Turkish inflation data led JPMorgan on Monday to add another 500 … Continue ReadingJPMorgan reveals new forecast after inflation hike in Turkey
Categories Economy HIGHLIGHTS Mehmet Simsek lays out post-election policy course Atilla YeşiladaPosted on4 March, 2024 Treasury and Finance Minister Mehmet Şimşek appeared on financial TV broadcaster BloombergHT’ s morning news … Continue ReadingMehmet Simsek lays out post-election policy course
Categories Economy ING: Turkey faces continuing price pressures Atilla YeşiladaPosted on4 March, 20244 March, 2024 Annual Turkish inflation came in higher than expected in February, and it’s expected to go … Continue ReadingING: Turkey faces continuing price pressures
Categories Economy HIGHLIGHTS Markets Turkey seeks foreign investments for economic boost Cem CetingucPosted on4 March, 2024 Grappling with economic woes unseen in decades, Türkiye is seeking to shore up foreign investments … Continue ReadingTurkey seeks foreign investments for economic boost
Categories Economy General HIGHLIGHTS Turkey: Long way from economic recovery Cem CetingucPosted on4 March, 20244 March, 2024 Headline GDP growth came in stronger than expected at 4.0% year-on-year while sequential growth accelerated … Continue ReadingTurkey: Long way from economic recovery
Categories Company & Industry Economy HIGHLIGHTS Turkish foreign policy focuses on energy sector Cem CetingucPosted on4 March, 20244 March, 2024 Turkey has an energy dependence problem. For the past two decades, Ankara’s energy needs have … Continue ReadingTurkish foreign policy focuses on energy sector
Categories Economy General HIGHLIGHTS Affordable meat lines form in front of Turkish state-stores prior to Ramadan Cem CetingucPosted on29 February, 202429 February, 2024 People formed long queues in front of Turkey’s state-run “Meat and Milk Board” stores to … Continue ReadingAffordable meat lines form in front of Turkish state-stores prior to Ramadan
Categories Economy HIGHLIGHTS Yılmaz: Turkish economic program working as planned Cem CetingucPosted on29 February, 2024 Vice President Cevdet Yılmaz met with international investors and fund managers in London on Tuesday, … Continue ReadingYılmaz: Turkish economic program working as planned
Categories Economy HIGHLIGHTS Prof. Acemoğlu: Tightening not enough for disinflation Güldem AtabayPosted on29 February, 2024 Prof. Daron Acemoğlu pointed out that the real interest rate is still negative and stated … Continue ReadingProf. Acemoğlu: Tightening not enough for disinflation
Categories Economy HIGHLIGHTS Eurozone economy remains stuck in stagnation Cem CetingucPosted on28 February, 2024 Economic sentiment fell again in February, from 95.8 to 95.4. The economy remains stuck in … Continue ReadingEurozone economy remains stuck in stagnation
Categories Economy HIGHLIGHTS Politics Erdoğan claims Turkish economy will rise in 2024 Cem CetingucPosted on28 February, 2024 The Turkish economy will start to rise in the next year as the current difficulties have already … Continue ReadingErdoğan claims Turkish economy will rise in 2024
Categories Economy HIGHLIGHTS Personal credit card spending in Turkey rises by 147 percent Cem CetingucPosted on28 February, 202429 February, 2024 Personal Turkish lira-denominated credit card spending rose by 147.2 percent as of Feb.1 16 compared … Continue ReadingPersonal credit card spending in Turkey rises by 147 percent
Categories Economy HIGHLIGHTS Talk of a cabinet reshuffle has begun: Mehmet Simsek may be dismissed Güldem AtabayPosted on28 February, 2024 Journalist Erdal Sağlam said that there is already talk of a cabinet reshuffle ahead of … Continue ReadingTalk of a cabinet reshuffle has begun: Mehmet Simsek may be dismissed
Categories Economy General HIGHLIGHTS Turkish housing market woes far from over: KONUTDER report Cem CetingucPosted on27 February, 202427 February, 2024 The Turkish housing market woes are far from over as many developers expect more headwinds for the … Continue ReadingTurkish housing market woes far from over: KONUTDER report
Categories Business Economy Güldem Atabay HIGHLIGHTS Guldem Atabay: Consumer confidence is down, but alarming signs of another recovery in domestic demand Atilla YeşiladaPosted on26 February, 2024 There is a surprise improvement in domestic and external demand conditions, but consumer confidence is … Continue ReadingGuldem Atabay: Consumer confidence is down, but alarming signs of another recovery in domestic demand
Categories Economy General HIGHLIGHTS TUSIAD chief economist bashes Mehmet Simsek’s economic program Atilla YeşiladaPosted on24 February, 2024 (Mrs) Gizem Öztok Altınsaç, Chief Economist at TÜSİAD, said that the Turkish Central Bank’s inflation … Continue ReadingTUSIAD chief economist bashes Mehmet Simsek’s economic program
Categories Economy HIGHLIGHTS Prof Demiralp: Central Bank keeps policy rate unchanged: Is the rhetoric of monetary tightening ‘when necessary’ realistic? Güldem AtabayPosted on22 February, 2024 The Central Bank kept the policy rate unchanged this time, which was 45 percent in … Continue ReadingProf Demiralp: Central Bank keeps policy rate unchanged: Is the rhetoric of monetary tightening ‘when necessary’ realistic?
