Categories Economy HIGHLIGHTS Bloomberg analysis: Erdogan’s economic plan in five charts Güldem AtabayPosted on7 December, 2021 Bloomberg signed analysis point at how Turkey’s President Erdogan is pushing for lower borrowing costs … Continue ReadingBloomberg analysis: Erdogan’s economic plan in five charts
Categories Economy Emerging Markets HIGHLIGHTS Markets Bank investment chiefs cautious about China and emerging markets Cem CetingucPosted on7 December, 2021 Market volatility and uncertainty over China’s indebted property sector is making bank investment chiefs cautious … Continue ReadingBank investment chiefs cautious about China and emerging markets
Categories Economy HIGHLIGHTS Moody’s revises up Turkey’s GDP forecast Güldem AtabayPosted on6 December, 2021 International credit rating agency Moody’s has revised up its Turkey growth forecast for this year from 9.2 percent … Continue ReadingMoody’s revises up Turkey’s GDP forecast
Categories Economy HIGHLIGHTS Council of Europe urges Turkey to ‘release Selahattin Demirtaş immediately’ Güldem AtabayPosted on6 December, 2021 The Committee of Ministers of the Council of Europe, which is responsible for overseeing the … Continue ReadingCouncil of Europe urges Turkey to ‘release Selahattin Demirtaş immediately’
Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
Categories Economy HIGHLIGHTS Turkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu Güldem AtabayPosted on3 December, 2021 Turkey’s state-run statistics office (TÜİK) has not allowed main opposition Republican People’s Party (CHP) leader … Continue ReadingTurkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu
Categories Economy HIGHLIGHTS Independent research group calculates November inflation three times that of the official figure Güldem AtabayPosted on3 December, 20213 December, 2021 Established by a group of academics and announcing alternative inflation rates in Turkey using official … Continue ReadingIndependent research group calculates November inflation three times that of the official figure
Categories Economy HIGHLIGHTS Gedik Investment Economist: CPI inflation may exceed 30% soon Atilla YeşiladaPosted on3 December, 2021 COVER Chart: Turkey CPI and domestic PPI in November 2021 CPI inflation exceeds expectations … Continue ReadingGedik Investment Economist: CPI inflation may exceed 30% soon
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories Economy HIGHLIGHTS Turkish Central Bank chief signals rate-cut pause in January Güldem AtabayPosted on2 December, 2021 Turkey’s Central Bank chief signaled on Dec. 2 that aggressive policy easing will likely pause … Continue ReadingTurkish Central Bank chief signals rate-cut pause in January
Categories Economy HIGHLIGHTS Why is Turkey’s lira crashing and will currency crisis worsen? Güldem AtabayPosted on2 December, 2021 Once again, Turkey is in the throes of a currency crisis. The lira has lost … Continue ReadingWhy is Turkey’s lira crashing and will currency crisis worsen?
Categories Economy General HIGHLIGHTS Markets Central bank intervenes Turkish lira following another sudden crash Güldem AtabayPosted on2 December, 2021 Turkey’s central bank to support the sinking lira, directly intervened the foreign-exchange markets for the … Continue ReadingCentral bank intervenes Turkish lira following another sudden crash
Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI increased to 52 in November Cem CetingucPosted on1 December, 2021 Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure continued to remain above … Continue ReadingMacro Snapshot: Manufacturing PMI increased to 52 in November
Categories Economy HIGHLIGHTS Markets The Aftermath of Currency Collapse: Sudden Stop Syndrome Atilla YeşiladaPosted on1 December, 2021 The Aftermath of Currency Collapse: Sudden Stop Syndrome President Erdogan’s mad experiment called … Continue ReadingThe Aftermath of Currency Collapse: Sudden Stop Syndrome
Categories Economy HIGHLIGHTS Lira sinks as Powell announces plans for faster tapering Güldem AtabayPosted on30 November, 202130 November, 2021 Turkish Lira sank to another record low level following Fed Chair Powell declared intentions for … Continue ReadingLira sinks as Powell announces plans for faster tapering
Categories Economy HIGHLIGHTS Turkey’s wonderful GDP growth… Güldem AtabayPosted on30 November, 202130 November, 2021 Turkey posted 7.4%, yoy GDP growth in Q321 and 2.7% qoq expansion when adjusted for … Continue ReadingTurkey’s wonderful GDP growth…
Categories Economy General HIGHLIGHTS Turkey’s foreign trade keeps narrowing; October figures imply USD 3 bn CA surplus Güldem AtabayPosted on29 November, 2021 Turkey’s October exports posted 20.1% increase to USD 20.8 billion while the import growth was … Continue ReadingTurkey’s foreign trade keeps narrowing; October figures imply USD 3 bn CA surplus
Categories Economy HIGHLIGHTS Turkey’s economic confidence index slides Güldem AtabayPosted on29 November, 2021 Turkey’s official Economic confidence index slid by 2.0% in November from 101.4 in October to … Continue ReadingTurkey’s economic confidence index slides
Categories Economy Güldem Atabay HIGHLIGHTS Atabay: ‘Erdoganomics’ Is The Reason for Lira Losing Ground – Bloomberg Video Güldem AtabayPosted on29 November, 202129 November, 2021 Guldem Atabay, economist at Global Source Turkey and PATurkey columnist, discusses the sharp slump in … Continue ReadingAtabay: ‘Erdoganomics’ Is The Reason for Lira Losing Ground – Bloomberg Video
