Categories Economy General HIGHLIGHTS IMF on TURKEY: Slower growth, disinflation on the horizon, but many downside risks to economic stability Atilla YeşiladaPosted on12 October, 202412 October, 2024 IMF Executive Board concluded 2024 Article IV Consultation with Türkiye on 27 September, the findings … Continue ReadingIMF on TURKEY: Slower growth, disinflation on the horizon, but many downside risks to economic stability
Categories Economy HIGHLIGHTS Turkey posts significant current account surplus in August Cem CetingucPosted on11 October, 2024 Turkey’s current account recorded a large surplus in August, while the 12-month rolling deficit plunged … Continue ReadingTurkey posts significant current account surplus in August
Categories Economy HIGHLIGHTS Wells Fargo offers contrarian economic forecast for Turkey in 2025 Cem CetingucPosted on10 October, 2024 Brendan McKenna, an economist at Wells Fargo, offered his perspectives on Türkiye’s economy during his appearance on Bloomberg … Continue ReadingWells Fargo offers contrarian economic forecast for Turkey in 2025
Categories Economy HIGHLIGHTS Türkiye Economic Outlook by Garanti BBVA Atilla YeşiladaPosted on9 October, 2024 Restrictive monetary policy and tight financial conditions lead output gap to turn into negative in … Continue ReadingTürkiye Economic Outlook by Garanti BBVA
Categories Economy HIGHLIGHTS Markets Eurostat: Turkey leads Europe regarding ‘income inequality’ Cem CetingucPosted on8 October, 2024 According to Eurostat data, the richest 1 per cent of the population in Turkey own … Continue ReadingEurostat: Turkey leads Europe regarding ‘income inequality’
Categories Economy HIGHLIGHTS Experts warn the government: The war against inflation is not being won Atilla YeşiladaPosted on5 October, 2024 Turkey has experienced spiraling inflation the past two years, peaking at an annual rate of … Continue ReadingExperts warn the government: The war against inflation is not being won
Categories Economy HIGHLIGHTS Markets Citigroup reports international investors avoiding Turkey due to ‘overvalued’ TL: Bloomberg” Cem CetingucPosted on4 October, 20244 October, 2024 The relative strength of Turkey’s lira may be holding back major portfolio inflows even after … Continue ReadingCitigroup reports international investors avoiding Turkey due to ‘overvalued’ TL: Bloomberg”
Categories Economy HIGHLIGHTS Inflation outlook: So bad, rate cut expectations may be postponed, CBRT forced to hike its CPI projections Atilla YeşiladaPosted on3 October, 2024 September CPI inflation rate came in at 2.97% MoM, while the annual CPI inflation rate … Continue ReadingInflation outlook: So bad, rate cut expectations may be postponed, CBRT forced to hike its CPI projections
Categories Economy General HIGHLIGHTS Economy czar Simsek: Turkey on her way to single digit inflation Atilla YeşiladaPosted on3 October, 2024 Reaching out to his audience via X, economy czar Simsek stated that annual inflation decreased … Continue ReadingEconomy czar Simsek: Turkey on her way to single digit inflation
Categories Atilla Yeşilada Business Economy HIGHLIGHTS ANALYSIS: September brings bad news for Turkish exports Atilla YeşiladaPosted on3 October, 2024 Turkey’s trade minister Bolat announced preliminary September foreign trade figures on Wednesday. Mirroring the sudden … Continue ReadingANALYSIS: September brings bad news for Turkish exports
Categories Economy HIGHLIGHTS Steve Hanke: Turkish economy is on the road to fast recovery Cem CetingucPosted on2 October, 2024 World-renowned economist Steve Hanke has shared optimistic projections about Türkiye’s economy, forecasting a significant rise in per capita … Continue ReadingSteve Hanke: Turkish economy is on the road to fast recovery
Categories Economy HIGHLIGHTS Reuters: Turkey’s inflation likely to drop below Policy rate in september Cem CetingucPosted on2 October, 2024 ISTANBUL, Sept 30 (Reuters) – Turkey’s annual inflation is expected to continue its decline in … Continue ReadingReuters: Turkey’s inflation likely to drop below Policy rate in september
Categories Business Economy HIGHLIGHTS Turkey PMIs collapse, consumer confidence up in September Atilla YeşiladaPosted on1 October, 2024 Turkey manufacturing PMI reported its poorest showing in September, collapsing from 47.8 to 44.3 between … Continue ReadingTurkey PMIs collapse, consumer confidence up in September
Categories Economy HIGHLIGHTS Istanbul’s inflation with 3,9 percent increase in September defies central banks path Güldem AtabayPosted on1 October, 20241 October, 2024 According to Istanbul Chamber of Commerce (ITO) data, retail prices increased by 3.9 percent in … Continue ReadingIstanbul’s inflation with 3,9 percent increase in September defies central banks path
Categories Economy HIGHLIGHTS EBRD maintains Turkey GDP forecast, cites notable improvements Cem CetingucPosted on28 September, 2024 The European Bank for Reconstruction and Development (EBRD) kept its growth forecast for the Turkish … Continue ReadingEBRD maintains Turkey GDP forecast, cites notable improvements
Categories Economy HIGHLIGHTS BofA Turkey Report: Slow and steady towards disinflation, rate cuts Atilla YeşiladaPosted on26 September, 2024 Key takeaways Macroeconomic imbalances are improving albeit slowly. We still see a soft landing in … Continue ReadingBofA Turkey Report: Slow and steady towards disinflation, rate cuts
Categories Economy HIGHLIGHTS Politics Murat Yetkin: Designated most important agenda item in Turkish politics Güldem AtabayPosted on26 September, 2024 Republican People’s Party (CHP) Ankara Metropolitan Mayor Mansur Yavaş reacted to the “presidential rivalry within … Continue ReadingMurat Yetkin: Designated most important agenda item in Turkish politics
Categories Economy HIGHLIGHTS Politics Turkey cancels plans to tax stock and crypto gains Cem CetingucPosted on26 September, 2024 Türkiye has decided against implementing an additional tax package this year, including a levy on … Continue ReadingTurkey cancels plans to tax stock and crypto gains
Categories Economy HIGHLIGHTS Turkey could receive S&P upgrade soon enough Cem CetingucPosted on26 September, 2024 Türkiye may be on the verge of receiving another credit rating upgrade in November from … Continue ReadingTurkey could receive S&P upgrade soon enough
Categories Economy Finance HIGHLIGHTS Politics Simsek tells foreign investors that tight fiscal policy will play a decisive role in the disinflation process Güldem AtabayPosted on25 September, 2024 Turkey’s Finance Minister, Mehmet Simsek, informed investors during a New York meeting that a strict … Continue ReadingSimsek tells foreign investors that tight fiscal policy will play a decisive role in the disinflation process
