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?
Categories Economy General HIGHLIGHTS Consumer confidence index deteriorated in February Cem CetingucPosted on22 February, 202422 February, 2024 Consumer morale in Türkiye deteriorated in February for the first time since August amid declines … Continue ReadingConsumer confidence index deteriorated in February
Categories Economy HIGHLIGHTS Politics Turkey’s local election campaigns contributes to economy Cem CetingucPosted on22 February, 202422 February, 2024 Thousands of candidates vying for posts in the upcoming local elections are expected to contribute a substantial … Continue ReadingTurkey’s local election campaigns contributes to economy
Categories Economy HIGHLIGHTS TURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone Güldem AtabayPosted on22 February, 202422 February, 2024 Turkey’s central bank (CBRT) kept the policy rate (the one-week repo auction rate) constant at … Continue ReadingTURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone
Categories Company & Industry Economy HIGHLIGHTS Turkey’s total turnover index rise by 69 percent in December Cem CetingucPosted on21 February, 2024 The Turkish Statistical Institute disclosed on Tuesday that Turkey’s total turnover index, encompassing sectors such … Continue ReadingTurkey’s total turnover index rise by 69 percent in December
Categories Business Economy HIGHLIGHTS Turkish foreign direct investments exceed $10 billion in 2023 Atilla YeşiladaPosted on20 February, 202422 February, 2024 Türkiye saw foreign direct investments (FDI) exceed $10 billion (TL 307.23 billion) throughout 2023, a … Continue ReadingTurkish foreign direct investments exceed $10 billion in 2023
Categories Economy HIGHLIGHTS TEPAV: Why should Turkey’s central bank hike rates this week? Editor P.A.Posted on20 February, 2024 Turkish Economic Policy Research Foundation (TEPAV) issued a note on Turkey’s inflation and monetary policy … Continue ReadingTEPAV: Why should Turkey’s central bank hike rates this week?
Categories Economy General HIGHLIGHTS Finance Minister: Türkiye wil not do anything “extraordinary” to curb inflation Cem CetingucPosted on16 February, 2024 Türkiye will not do anything “extraordinary” to curb inflation, Treasury and Finance Minister Mehmet Şimşek … Continue ReadingFinance Minister: Türkiye wil not do anything “extraordinary” to curb inflation