Categories Economy HIGHLIGHTS Turkey Holds Rates as Weak Lira Clouds Inflation Outlook Güldem AtabayPosted on17 June, 2021 Turkey’s central bank kept interest rates unchanged for a third month on Thursday, but adopted … Continue ReadingTurkey Holds Rates as Weak Lira Clouds Inflation Outlook
Categories Economy General Residential Property Price Index (RPPI) increased 32.4 percent in nominal terms Cem CetingucPosted on17 June, 202117 June, 2021 In April 2021, RPPI increased monthly by 2.0 percent, recorded an annual increase of 32.4 … Continue ReadingResidential Property Price Index (RPPI) increased 32.4 percent in nominal terms
Categories Economy General HIGHLIGHTS Politics Turkish-Russian Relations: A Puzzle that Shakes the Middle East* Güldem AtabayPosted on16 June, 2021 As Russia and Turkey celebrate the 100-year anniversary of the signature of the treaty of … Continue ReadingTurkish-Russian Relations: A Puzzle that Shakes the Middle East*
Categories Economy General HIGHLIGHTS Politics Tim Ash: Putin/Biden summit – attempting to move on from Fight Club rules Güldem AtabayPosted on16 June, 2021 Hard to see this as a game changing summit. Both have a strong interest to … Continue ReadingTim Ash: Putin/Biden summit – attempting to move on from Fight Club rules
Categories Business Economy General CBRT and China expand swap agreement Cem CetingucPosted on16 June, 2021 The Turkish Central Bank (CBRT) and People’s Bank of China (PBOC) expanded their swap agreement, which was signed in May 2019, … Continue ReadingCBRT and China expand swap agreement
Categories Economy HIGHLIGHTS Politics Turkey’s Halkbank Jumps Amid Speculation on U.S. Court Case Güldem AtabayPosted on15 June, 2021 Halkbank shares jump as much as 7.9% and trade 6.1% higher as of 5:32pm in … Continue ReadingTurkey’s Halkbank Jumps Amid Speculation on U.S. Court Case
Categories Economy HIGHLIGHTS TURKSTAT: The richest 10 percent have income 14.6 times higher than the poorest 10 percent! Güldem AtabayPosted on15 June, 2021 According to TURKSTAT, the income of the richest 10% of the population is 14.6 times … Continue ReadingTURKSTAT: The richest 10 percent have income 14.6 times higher than the poorest 10 percent!
Categories Economy HIGHLIGHTS May 2021 fiscal performance: Deferred taxes in the pandemic help this year Güldem AtabayPosted on15 June, 2021 According to the Ministry of Treasury and Finance, the central government budget posted a deficit … Continue ReadingMay 2021 fiscal performance: Deferred taxes in the pandemic help this year
Categories Economy HIGHLIGHTS Politics Murat Yetkin: Erdoğan, Biden talk Afghanistan, S400s at 1st meeting Güldem AtabayPosted on14 June, 2021 The long-awaited first meeting between President Recep Tayyip Erdoğan and U.S. President Joe Biden as … Continue ReadingMurat Yetkin: Erdoğan, Biden talk Afghanistan, S400s at 1st meeting
Categories Economy HIGHLIGHTS Turkey’s current account narrowing Güldem AtabayPosted on14 June, 2021 Turkey’s current account deficit narrowed by 67.7% in April as the foreign trade balance improved … Continue ReadingTurkey’s current account narrowing
Categories Economy HIGHLIGHTS HYPED IMF Says Turkey’s Economy Prone to Shocks Amid Reserve Losses Güldem AtabayPosted on14 June, 2021 The International Monetary Fund forecast strong growth for Turkey this year, while saying risks have … Continue ReadingIMF Says Turkey’s Economy Prone to Shocks Amid Reserve Losses
Categories Economy HIGHLIGHTS Politics Erdogan’s summit with Biden clouded by bitter disputes Güldem AtabayPosted on14 June, 2021 No stranger to rocky relations with Washington, President Tayyip Erdogan holds his first meeting with … Continue ReadingErdogan’s summit with Biden clouded by bitter disputes
Categories Economy HIGHLIGHTS Erdogan says Turkey has raised FX swap deal with China to $6 bln Güldem AtabayPosted on13 June, 2021 President Tayyip Erdogan said on Sunday that Turkey’s central bank had agreed with China to … Continue ReadingErdogan says Turkey has raised FX swap deal with China to $6 bln
Categories Business Economy HIGHLIGHTS JP Morgan Turkey strategy: Strong growth warrants tight policies Atilla YeşiladaPosted on11 June, 2021 Despite the lockdown and much slower loan growth, we have revised our 2021 growth … Continue ReadingJP Morgan Turkey strategy: Strong growth warrants tight policies
Categories Economy HIGHLIGHTS TL down, inflation up in the central bank’s market expectations survey Güldem AtabayPosted on11 June, 2021 The Central Bank’s study, known as the Expectations Survey for June but whose name was … Continue ReadingTL down, inflation up in the central bank’s market expectations survey
Categories Economy HIGHLIGHTS Turkey’s April industrial production index fell 0.9% over March Güldem AtabayPosted on11 June, 2021 Turkey’s April industrial production index released by TURKSTAT, increased by 66% compared to the same … Continue ReadingTurkey’s April industrial production index fell 0.9% over March
Categories Economy Emerging Markets General Uneven pandemic recovery: Advanced economies grow exponentially while emerging markets struggle Cem CetingucPosted on11 June, 202111 June, 2021 A stark inequality has emerged in the recovery from COVID-19, with advanced economies growing exponentially … Continue ReadingUneven pandemic recovery: Advanced economies grow exponentially while emerging markets struggle
Categories Economy General HIGHLIGHTS Turkey’s wider definition unemployment reaches 8.9 million people- 27.4 percent of the labor force Güldem AtabayPosted on10 June, 2021 The announced employment details heavily contradict with Turley’s 7% GDP growth recorded in 1Q21 and the expected circa 15% GDP growth for 2Q21. … Read More >Turkey’s wider definition unemployment reaches 8.9 million people- 27.4 percent of the labor force
Categories Economy HIGHLIGHTS Politics WSJ Opinion: This Isn’t Your Grandfather’s Turkey Güldem AtabayPosted on9 June, 2021 Turkey is one of America’s most important allies, but it presents more challenges to the … Continue ReadingWSJ Opinion: This Isn’t Your Grandfather’s Turkey
Categories Economy Emerging Markets General HIGHLIGHTS HYPED Politics A Sultan in Autumn: Erdogan Faces Turkey’s Uncontainable Forces Güldem AtabayPosted on9 June, 2021 The unprecedented economic growth and personal popularity once enjoyed by the Turkish leader have given … Continue ReadingA Sultan in Autumn: Erdogan Faces Turkey’s Uncontainable Forces
