Categories Economy Finance HIGHLIGHTS Markets Central bank of Turkey revised up its end of year CPI inflation estimation; credibility still suffers Güldem AtabayPosted on29 July, 2021 Through the announcement of its third Inflation Report of the year, Turkey’s central bank (CBRT) … Continue ReadingCentral bank of Turkey revised up its end of year CPI inflation estimation; credibility still suffers
Categories Economy General HIGHLIGHTS POLL-Turkish inflation seen rising to 18.5% in July, pressuring cenbank Güldem AtabayPosted on28 July, 2021 Turkey’s inflation is expected to surge to 18.50% in July from 17.5% in June, partly … Continue ReadingPOLL-Turkish inflation seen rising to 18.5% in July, pressuring cenbank
Categories Economy HIGHLIGHTS Politics Foreign Policy: Cracks Are Growing in the Erdogan Regime Güldem AtabayPosted on28 July, 2021 Steven A. Cook/ Anyone who has ever spent time in Washington knows that briefings with … Continue ReadingForeign Policy: Cracks Are Growing in the Erdogan Regime
Categories Economy HIGHLIGHTS IMF lowers Turkey growth forecasts Atilla YeşiladaPosted on27 July, 2021 The International Monetary Fund (IMF) revised up its global economic growth forecast to 4.9% for … Continue ReadingIMF lowers Turkey growth forecasts
Categories Economy General HIGHLIGHTS The people of Turkey don’t trust the government of Turkey Atilla YeşiladaPosted on27 July, 2021 OECD’s Government at a Glance 201 Report (published in June 2021) provides internationally comparable evidence … Continue ReadingThe people of Turkey don’t trust the government of Turkey
Categories Economy HIGHLIGHTS Politics Turkey facing news sanctions Atilla YeşiladaPosted on22 July, 2021 It never gets better between Turkey and the West. A Russian source telling the press … Continue ReadingTurkey facing news sanctions
Categories Economy HIGHLIGHTS Politics Turkey: Decline in the Rule of Law and Economy Atilla YeşiladaPosted on16 July, 2021 Five leading Turkish experts in politics and economy debate Turkey’s deepest problems: Institutional collapse, … Continue ReadingTurkey: Decline in the Rule of Law and Economy
Categories Economy HIGHLIGHTS A Uniquely Turkish Disease: High Chronic Inflation Atilla YeşiladaPosted on16 July, 2021 In June 2021, Turkish CPI rose to 17.5% YoY. Turkey is among the top … Continue ReadingA Uniquely Turkish Disease: High Chronic Inflation
Categories Business Economy HYPED Erdal Saglam: Unemployment data is no longer an indicator in Turkey Atilla YeşiladaPosted on14 July, 2021 The unemployment rate in May was 13.2 percent in Turkey. The data shows that the … Continue ReadingErdal Saglam: Unemployment data is no longer an indicator in Turkey
Categories Economy HIGHLIGHTS Turkey’s policy rate kept at 19 percent; ambiguity prevails Güldem AtabayPosted on14 July, 202114 July, 2021 The Central Bank Monetary Policy Committee (MPC) left its policy rate (one-week repo) unchanged at … Continue ReadingTurkey’s policy rate kept at 19 percent; ambiguity prevails
Categories Economy HIGHLIGHTS Turkey’s growth slowing down and fast Güldem AtabayPosted on13 July, 2021 Turkey’s industrial production increased by 1.3% monthly in May. Among the subsectors of the industry, … Continue ReadingTurkey’s growth slowing down and fast
Categories Economy Finance HIGHLIGHTS World’s Largest Airport Refinances Debt in Record Turkish Deal Güldem AtabayPosted on13 July, 2021 The operator of Istanbul’s new airport, set to be the world’s largest when completed in … Continue ReadingWorld’s Largest Airport Refinances Debt in Record Turkish Deal
Categories Company & Industry Economy An Overview of the Turkish Economy in 2021 Cem CetingucPosted on13 July, 2021 Volkan Korkmazer The CBRT inflation target for the end of 2021 is approximately 12% and … Continue ReadingAn Overview of the Turkish Economy in 2021
Categories Economy EBRD forecasts 5.5 pct growth in Turkish economy, 4.2 pct in emerging countries Atilla YeşiladaPosted on10 July, 2021 Turkey’s economy is expected to grow by 5.5 percent in 2021 and 4 percent in … Continue ReadingEBRD forecasts 5.5 pct growth in Turkish economy, 4.2 pct in emerging countries
Categories Economy HIGHLIGHTS Reuters Turkey poll: Turkey’s economy to grow 5.5% in 2021 amid tougher inflation battle Atilla YeşiladaPosted on10 July, 2021 Turkey’s economy will grow 5.5% annually this year, more than previously thought and close to … Continue ReadingReuters Turkey poll: Turkey’s economy to grow 5.5% in 2021 amid tougher inflation battle
Categories Economy General Macro Snapshot: Policy rate seems stable in July but could be decreased by 25-50bps in next 3 months, CBRT Survey indicates Cem CetingucPosted on10 July, 2021 MoM expectations were over the historical averages in the coming months (2003-2019 Median – Jul.: … Continue ReadingMacro Snapshot: Policy rate seems stable in July but could be decreased by 25-50bps in next 3 months, CBRT Survey indicates
Categories Economy General HIGHLIGHTS Turkey’s current account deficit narrowing but only very slowly Güldem AtabayPosted on9 July, 20219 July, 2021 Turkey posted a current account deficit of USD 3,081 million that is USD 919 mn … Continue ReadingTurkey’s current account deficit narrowing but only very slowly
Categories Business Company & Industry Economy Green projects in Turkey to create 100,000 + new jobs Cem CetingucPosted on9 July, 2021 A visible pipeline of 238 renewable projects in Turkey is expected to generate 9.2 gigawatts of capacity and 110,000 … Continue ReadingGreen projects in Turkey to create 100,000 + new jobs
Categories Economy HIGHLIGHTS Erdoğan replaces head of Turkish state-run asset management firm Güldem AtabayPosted on8 July, 2021 Turkish President Erdoğan replaced the chief of the Savings Deposit and Insurance Fund of Turkey … Continue ReadingErdoğan replaces head of Turkish state-run asset management firm
Categories Economy HIGHLIGHTS Elections re-loading: Turkey’s banks set for capital healing after pandemic battle -sources Güldem AtabayPosted on8 July, 2021 Turkey is considering a fresh capital injection for state banks but they also need a … Continue ReadingElections re-loading: Turkey’s banks set for capital healing after pandemic battle -sources
