Categories Economy HIGHLIGHTS HYPED Politics Biden Preparing to Declare That Atrocities Against Armenia Were Genocide Güldem AtabayPosted on22 April, 2021 More than a century after the Ottoman Empire’s killing of an estimated 1.5 million Armenian civilians, … Continue ReadingBiden Preparing to Declare That Atrocities Against Armenia Were Genocide
Categories Economy Güldem Atabay HIGHLIGHTS Politics Güldem Atabay: The Death of a Central Bank Güldem AtabayPosted on22 April, 2021 The Turkish central bank’s Monetary Policy Committee (MPC) kept the benchmark interest rate steady at … Continue ReadingGüldem Atabay: The Death of a Central Bank
Categories Economy ANALYSIS: IMF predicts 6% GDP growth in 2021, finds few takers Atilla YeşiladaPosted on22 April, 2021 The International Monetary Fund (IMF) has forecast that Turkish gross domestic product (GDP) will grow … Continue ReadingANALYSIS: IMF predicts 6% GDP growth in 2021, finds few takers
Categories Economy Markets Tim Ash: A hugely dangerous monetary and exchange rate strategy Atilla YeşiladaPosted on22 April, 2021 Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves … Continue ReadingTim Ash: A hugely dangerous monetary and exchange rate strategy
Categories Economy HIGHLIGHTS Politics Erdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic Güldem AtabayPosted on21 April, 2021 Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves … Continue ReadingErdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic
Categories Economy General The world economy has to be on the lookout for potential risks in the post-COVID-19 era Atilla YeşiladaPosted on20 April, 2021 According to the Institute of International Finance, the continuing swell in debt will see the … Continue ReadingThe world economy has to be on the lookout for potential risks in the post-COVID-19 era
Categories Company & Industry Economy HIGHLIGHTS Alamos Gold files $1 billion claim against Turkey after mine project halted Güldem AtabayPosted on20 April, 2021 Alamos Gold Inc. of Canada filed a legal claim against Turkey for unfair expropriation and … Continue ReadingAlamos Gold files $1 billion claim against Turkey after mine project halted
Categories Economy Share of children in Turkey’s population declining Güldem AtabayPosted on20 April, 202120 April, 2021 Turkish Statistical Office (TURKSTAT) announced while Turkey’s population was 83 million 614 thousand 362 people … Continue ReadingShare of children in Turkey’s population declining
Categories Economy HIGHLIGHTS Import prices rise drastically in Turkey amid pandemic Cem CetingucPosted on20 April, 2021 Hayriye Ustun strolled around her neighborhood marketplace looking for the best prices as she suffered … Continue ReadingImport prices rise drastically in Turkey amid pandemic
Categories Economy General HIGHLIGHTS Women’s employment plummets in Turkey during pandemic Cem CetingucPosted on20 April, 202120 April, 2021 The Economy Policy Research Foundation of Turkey (TEPAV) has released the 104th issue of its Employment Monitoring … Continue ReadingWomen’s employment plummets in Turkey during pandemic
Categories Economy HIGHLIGHTS Swapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue Güldem AtabayPosted on20 April, 2021 Turkey’s decision to keep interest rates at below inflation last year was a one-off necessitated … Continue ReadingSwapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue
Categories Economy HIGHLIGHTS Politics Turkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data Güldem AtabayPosted on19 April, 2021 It would be “beneficial” for the central bank to publish the data on the use … Continue ReadingTurkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data
Categories Economy Finance HIGHLIGHTS Central Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains Güldem AtabayPosted on16 April, 2021 Shahap Kavcioglu, Governor of the Central Bank of the Republic of Turkey, responded to allegations … Continue ReadingCentral Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains
Categories Economy Emerging Markets Natixis: The unpleasant truth behind China’s GDP figures Atilla YeşiladaPosted on16 April, 2021 The Chinese economy started 2021 with a strong momentum as the GDP grew 18.3% YoY … Continue ReadingNatixis: The unpleasant truth behind China’s GDP figures
Categories Economy Emerging Markets VOX: Emerging markets amid US and China cross-currents Atilla YeşiladaPosted on16 April, 2021 US fiscal policy should provide a large boost to the rest of world, but the … Continue ReadingVOX: Emerging markets amid US and China cross-currents
Categories Company & Industry Economy HIGHLIGHTS Turkey bans crypto payments citing risks, hits Bitcoin price Güldem AtabayPosted on16 April, 2021 Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and … Continue ReadingTurkey bans crypto payments citing risks, hits Bitcoin price
Categories Economy General HIGHLIGHTS Politics Erdogan Is Turning Turkey Into a Chinese Client State Güldem AtabayPosted on16 April, 2021 Turkish President Recep Tayyip Erdogan used to send shockwaves to Beijing with his outspoken support … Continue ReadingErdogan Is Turning Turkey Into a Chinese Client State
Categories Economy Markets China GDP very weak on QoQ basis Cem CetingucPosted on16 April, 2021 China’s economy grew by double digits in the latest quarter but an explosive rebound from … Continue ReadingChina GDP very weak on QoQ basis
Categories Economy General German Economic Institutes to cut 2021 GDP growth forecast Cem CetingucPosted on16 April, 2021 Germany’s economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy to … Continue ReadingGerman Economic Institutes to cut 2021 GDP growth forecast
Categories Economy HIGHLIGHTS CBRT remains on hold but sounds more dovish than before Cem CetingucPosted on16 April, 2021 As widely expected, the CBRT kept its policy rate unchanged at 19.0%. Again as expected, … Continue ReadingCBRT remains on hold but sounds more dovish than before