Categories Economy Emerging Markets General Global economic recovery is strong but uneven Cem CetingucPosted on9 June, 2021 The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in … Continue ReadingGlobal economic recovery is strong but uneven
Categories Economy Politics Cyprus’ reunification: What next after failed talks? Güldem AtabayPosted on8 June, 2021 Weeks after United Nations-led talks in April failed to resuscitate negotiations to reunify Cyprus, the … Continue ReadingCyprus’ reunification: What next after failed talks?
Categories Economy HIGHLIGHTS Politics What happens when Biden and Erdogan meet next week? Güldem AtabayPosted on8 June, 2021 Joe Biden will depart on Thursday for Europe on his first foreign trip as US … Continue ReadingWhat happens when Biden and Erdogan meet next week?
Categories Economy Güldem Atabay HIGHLIGHTS The ‘captain of the economy’ in Turkey can no longer re-direct the ship Güldem AtabayPosted on7 June, 2021 As the cycle of economic crises in Turkey began to shake the governing alliance, organised … Continue ReadingThe ‘captain of the economy’ in Turkey can no longer re-direct the ship
Categories Economy HIGHLIGHTS Politics Expert report says Turkish journalists accused of ‘financial coup attempt’ are innocent Güldem AtabayPosted on6 June, 2021 Two Bloomberg reporters and a handful of famous Turkish journalists accused of an attempted financial … Continue ReadingExpert report says Turkish journalists accused of ‘financial coup attempt’ are innocent
Categories Economy HIGHLIGHTS From Best to Worst: Investors Are Souring on Turkey’s Markets Güldem AtabayPosted on6 June, 2021 In just three months, the Turkish lira has gone from best to worst. The currency … Continue ReadingFrom Best to Worst: Investors Are Souring on Turkey’s Markets
Categories Business Economy HIGHLIGHTS Politics Real Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in? Atilla YeşiladaPosted on4 June, 2021 For good or bad, the pandemic has accelerated numerous trends that were reconfiguring the … Continue ReadingReal Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?
Categories Economy Inflation, May 2021: Weak demand dominated strong cost pressures Atilla YeşiladaPosted on4 June, 2021 Turkey’s CPI increased by 0.89% MoM in May driving YoY CPI from 17.14% to 16.59%. … Continue ReadingInflation, May 2021: Weak demand dominated strong cost pressures
Categories Economy HIGHLIGHTS Turkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure Güldem AtabayPosted on3 June, 2021 Turkey’s consumer inflation rate snapped seven months of increases in May, making it harder for … Continue ReadingTurkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure
Categories Economy HIGHLIGHTS Erdoğan offers 5 different explanations on missing $128 bln since February Güldem AtabayPosted on2 June, 2021 President Recep Tayyip Erdoğan’s statement that one doesn’t ask the central bank about funds’ fate … Continue ReadingErdoğan offers 5 different explanations on missing $128 bln since February
Categories Economy HIGHLIGHTS Lira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay Güldem AtabayPosted on2 June, 2021 Turkish President Recep Tayyip Erdogan’s demand for interest-rate cuts sent a brief shockwave through the … Continue ReadingLira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay
Categories Economy HIGHLIGHTS Turkey’s May PMI slides below 50.0 benchmark Güldem AtabayPosted on1 June, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed that … Continue ReadingTurkey’s May PMI slides below 50.0 benchmark
Categories Economy HIGHLIGHTS Turkish consumer confidence declines to 11-year low – BloombergHT survey Güldem AtabayPosted on1 June, 2021 Consumer confidence in Turkey fell to the lowest level since January 2010, according to a … Continue ReadingTurkish consumer confidence declines to 11-year low – BloombergHT survey
Categories Economy General Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 June, 2021 Foreign trade deficit decreased by 33.2% YoY to US3.1bn in April and decreased by 3.2% … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Economy HIGHLIGHTS Politics Turkey to Send “Russian Missile Experts” Home in Signal to Biden Güldem AtabayPosted on31 May, 2021 Turkey said it will send home Russian missile experts overseeing the S-400 air defense technology that … Continue ReadingTurkey to Send “Russian Missile Experts” Home in Signal to Biden
Categories Economy General HIGHLIGHTS New normalization rules with limited hours Güldem AtabayPosted on31 May, 2021 President Erdoğan announced after today’s cabinet meeting that the pandemic gradual normalization process will begin … Continue ReadingNew normalization rules with limited hours
Categories Economy HYPED Gedik Invest revises its 2021 GDP growth forecast to 4.5% from 3.5% Atilla YeşiladaPosted on31 May, 2021 1Q21 GDP growth at 7.0% slightly exceeds market expectations TurkStat announced that 1Q21 GDP … Continue ReadingGedik Invest revises its 2021 GDP growth forecast to 4.5% from 3.5%
Categories Economy HIGHLIGHTS Politics Turkey, Greece to take concrete steps to improve economic ties – minister Güldem AtabayPosted on31 May, 2021 Greece and neighboring Turkey have agreed to gradually normalize their relationship. Greek Foreign Minister Nikos … Continue ReadingTurkey, Greece to take concrete steps to improve economic ties – minister
Categories Economy HIGHLIGHTS Turkey’s inflation to remain flat in May Güldem AtabayPosted on31 May, 2021 The state-run Anadolu news agency poll showed that the average estimate of 14 economists expect … Continue ReadingTurkey’s inflation to remain flat in May
Categories Economy HIGHLIGHTS SAMEKS: Temporary slowdown in May as normalization will commence in June Güldem AtabayPosted on31 May, 2021 In May, the SAMEKS Composite Index, free of seasonal and calendar effects, decreased by 1.4 … Continue ReadingSAMEKS: Temporary slowdown in May as normalization will commence in June
