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 Economy General HIGHLIGHTS Politics Erdogan: Turkey to Send Message to West in May Elections Cem CetingucPosted on14 April, 2023 President Recep Tayyip Erdogan discusses local defence industry, rise of far-right in France, as well … Continue ReadingErdogan: Turkey to Send Message to West in May Elections
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
Categories Economy HIGHLIGHTS Politics Tim Ash on Erdogan’s economic policy: Erdogan is not for turning Atilla YeşiladaPosted on7 April, 2023 Not unexpected commentary from Turkey’s finance minister, Nebati, over the past 24h to say that … Continue ReadingTim Ash on Erdogan’s economic policy: Erdogan is not for turning
Categories Economy HIGHLIGHTS CBRT eases TL-saving rules even more Cem CetingucPosted on5 April, 2023 In a bid to promote and protect savings, the Turkish central bank has allowed banks … Continue ReadingCBRT eases TL-saving rules even more
Categories Economy HIGHLIGHTS ING: Turkish inflation falls to 50.5% on large base effects Atilla YeşiladaPosted on4 April, 2023 A better-than-expected reading of 2.29% in March left the annual inflation rate at 50.5%, down … Continue ReadingING: Turkish inflation falls to 50.5% on large base effects
Categories Economy HIGHLIGHTS Markets Turkish exports increased by 4.4 percent in March, trade deficit surges to a new quarterly high Cem CetingucPosted on4 April, 20234 April, 2023 Turkey’s exports increased by 4.4% in March compared to the same month of the previous … Continue ReadingTurkish exports increased by 4.4 percent in March, trade deficit surges to a new quarterly high
Categories Economy HIGHLIGHTS Politics It’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money Güldem AtabayPosted on3 April, 2023 The upcoming Turkish elections on May 14th, 2023 defy conventional wisdom. Turkey’s economic downturn and … Continue ReadingIt’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money
Categories Economy HIGHLIGHTS S&P downgrades Turkey’s outlook, updates dollar/TL forecast Atilla YeşiladaPosted on1 April, 2023 S&P Global Ratings lowered its outlook on Turkey from “stable” to “negative” on Friday, citing … Continue ReadingS&P downgrades Turkey’s outlook, updates dollar/TL forecast
Categories Economy HIGHLIGHTS Turkey’s Trade Deficit Soars by Over 50 percent in February Cem CetingucPosted on31 March, 2023 Turkey’s foreign trade deficit surged 51.4% year on year to $12.08 billion in February, with … Continue ReadingTurkey’s Trade Deficit Soars by Over 50 percent in February
Categories Economy General HIGHLIGHTS UN reports massive job loss after Turkey-Syria earthquake Cem CetingucPosted on29 March, 202329 March, 2023 Hundreds of thousands of workers in Turkey and Syria have lost their livelihoods due to … Continue ReadingUN reports massive job loss after Turkey-Syria earthquake
Categories Economy HIGHLIGHTS Peru’s authorities seize 2.3 tons of cocaine heading to Turkey Güldem AtabayPosted on28 March, 202329 March, 2023 According to officials from Peru, it was the first time they had such an incident … Continue ReadingPeru’s authorities seize 2.3 tons of cocaine heading to Turkey
Categories Economy HIGHLIGHTS Politics Turkey’s banks conduct stress tests ahead of election amid economic uncertainty Cem CetingucPosted on28 March, 202328 March, 2023 Big Turkish banks have launched internal stress tests against possible market shocks due to the … Continue ReadingTurkey’s banks conduct stress tests ahead of election amid economic uncertainty
Categories Economy General HIGHLIGHTS Life will gradually get back to normal after earthquake: Erdoğan Cem CetingucPosted on28 March, 2023 With the revival of the economy, industrial production and other activities, the return of locals to … Continue ReadingLife will gradually get back to normal after earthquake: Erdoğan
Categories Economy HIGHLIGHTS HYPED Turkey’s unemployment rate fell to 10.4 percent in 2022 Cem CetingucPosted on24 March, 2023 The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022