Categories Economy General Economic loss from pandemic to exceed $10 trillion Cem CetingucPosted on8 November, 2021 The losses of the world economy from the coronavirus pandemic total from $4 trillion to … Continue ReadingEconomic loss from pandemic to exceed $10 trillion
Categories Economy General HIGHLIGHTS Global economy set for ‘stable growth’ by 2023 as headwinds diminish, Moody’s says Atilla YeşiladaPosted on7 November, 2021 The global economy is set to enter a period of “stable growth” by 2023 as … Continue ReadingGlobal economy set for ‘stable growth’ by 2023 as headwinds diminish, Moody’s says
Categories Economy Emerging Markets Reuters poll: Major risks awaiting world economy Atilla YeşiladaPosted on7 November, 2021 Central banks reducing emergency stimulus too quickly and further supply chain disruption are among the … Continue ReadingReuters poll: Major risks awaiting world economy
Categories Economy HIGHLIGHTS Fitch praises Turkey’s resilience Atilla YeşiladaPosted on6 November, 2021 The Turkish economy has been successful in showing resilience against various shocks to continue expanding, … Continue ReadingFitch praises Turkey’s resilience
Categories Economy General Rate cuts possess a risk to Turkey’s GDP growth Cem CetingucPosted on5 November, 20215 November, 2021 Turkey’s economy will grow by 9% this year, buoyed by a revival in exports and … Continue ReadingRate cuts possess a risk to Turkey’s GDP growth
Categories Economy Emerging Markets General HIGHLIGHTS Tim Ash: Welcome to the new age of inflation Atilla YeşiladaPosted on5 November, 2021 The debate around inflation is centre stage at present, with headline and PPI inflation soaring … Continue ReadingTim Ash: Welcome to the new age of inflation
Categories Economy General JPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October Cem CetingucPosted on4 November, 20214 November, 2021 After months of upside surprises, inflation finally surprised to the down side in October. Despite … Continue ReadingJPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October
Categories Economy HIGHLIGHTS Turkey contemplates direct income support for households Atilla YeşiladaPosted on3 November, 2021 Turkish government is preparing to boost wages and cut some taxes to support lower-income households … Continue ReadingTurkey contemplates direct income support for households
Categories Economy HIGHLIGHTS ING analysis: Annual inflation nears 20% Atilla YeşiladaPosted on3 November, 2021 Monthly CPI in October was 2.39%, lower than the consensus at 2.76% (slightly higher than … Continue ReadingING analysis: Annual inflation nears 20%
Categories Economy HIGHLIGHTS Politics In troubled US-Turkey relations, F-16 deal seen as path for dialogue Güldem AtabayPosted on1 November, 20211 November, 2021 Following several scheduling changes, US President Joe Biden and his Turkish counterpart, Recep Tayyip Erdogan, met … Continue ReadingIn troubled US-Turkey relations, F-16 deal seen as path for dialogue
Categories Economy HIGHLIGHTS Nearly two-thirds of Turks say Erdoğan doing bad job on economy Güldem AtabayPosted on1 November, 2021 Almost two-thirds of Turkish voters think President Recep Tayyip Erdoğan’s government is doing a bad … Continue ReadingNearly two-thirds of Turks say Erdoğan doing bad job on economy
Categories Economy HIGHLIGHTS UPDATE (CPI print today) Istanbul inflation exceeds 20 percent Güldem AtabayPosted on1 November, 20213 November, 2021 Turkstat is predicted to report Turkish CPI soaring to 20.35%, up from 19.58% in September, … Continue ReadingUPDATE (CPI print today) Istanbul inflation exceeds 20 percent
Categories Economy HIGHLIGHTS Turkey hikes natural gas prices for industry by 48 percent Güldem AtabayPosted on1 November, 2021 Turkish state-run pipeline company BOTAŞ increased natural gas prices for industry by 48 percent. The … Continue ReadingTurkey hikes natural gas prices for industry by 48 percent
Categories Economy HIGHLIGHTS Politics Will the ailing Turkish economy bring Erdogan down? Güldem AtabayPosted on1 November, 2021 When one brave soul from Recep Tayyip Erdogan’s ruling party decided to confront him about … Continue ReadingWill the ailing Turkish economy bring Erdogan down?
Categories Economy HIGHLIGHTS October PMI dips to 51.2: Slowing activity and rising inflation pressures Güldem AtabayPosted on1 November, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit pointed to … Continue ReadingOctober PMI dips to 51.2: Slowing activity and rising inflation pressures
Categories Economy Finance HIGHLIGHTS Economist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted Atilla YeşiladaPosted on29 October, 2021 Economist Prof. Dr. Veysel Ulusoy pointed out that the real danger is the volatility in … Continue ReadingEconomist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted
Categories Economy Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on27 October, 2021 SA CUR decreased by 0.3pps 77.5% in October after 4-month long surge. In October, 3-month … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Business Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on27 October, 2021 Foreign trade deficit decreased by 47.5% YoY to US2.5bn in September (Aug.21: USD-4.3bn, Sep.20: USD-4.9bn) … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Economy HIGHLIGHTS Erdogan Feasts on Chaos While the Lira Suffers Güldem AtabayPosted on25 October, 2021 It’s almost like Turkey desires an economic crisis. Threatening to expel envoys from powerful allies … Continue ReadingErdogan Feasts on Chaos While the Lira Suffers
Categories Economy HIGHLIGHTS Turkish State Banks Follow Rate Gamble by Pledging Cheaper Loans Güldem AtabayPosted on25 October, 2021 Turkey’s state lenders will follow the central bank’s shock interest-rate cut of 200 basis points and … Continue ReadingTurkish State Banks Follow Rate Gamble by Pledging Cheaper Loans
