Categories Economy General TURKSTAT: Turkey’s Hogwarts Atilla YeşiladaPosted on15 April, 2021 Scientifically, one of the assumptions of the theories underlying economics is that the consumers are … Continue ReadingTURKSTAT: Turkey’s Hogwarts
Categories Economy General Politics Opposition asked Erdogan: Where is the 128 Billion dollars? Cem CetingucPosted on15 April, 202115 April, 2021 “Where is the $128 billion?” asked posters on billboards around Istanbul intended by Turkey’s main … Continue ReadingOpposition asked Erdogan: Where is the 128 Billion dollars?
Categories Economy General Macro Focus: Recovery trend continues despite momentum loss Cem CetingucPosted on14 April, 202114 April, 2021 In February, IP increased by 0.1% MoM and 8.8% on a YoY. According to the consensus, … Continue ReadingMacro Focus: Recovery trend continues despite momentum loss
Categories Economy HIGHLIGHTS Erdogan’s new dove: Five questions for Turkey’s central bank Güldem AtabayPosted on14 April, 202114 April, 2021 Turkey’s fourth central bank chief in less than two years will oversee his first policy … Continue ReadingErdogan’s new dove: Five questions for Turkey’s central bank
Categories Economy HIGHLIGHTS Turkey’s economy seen regaining pace, expanding 4.8 percent in 2021 Güldem AtabayPosted on14 April, 2021 Turkey’s economy will grow 4.8% in 2021, rebounding strongly from a slump brought on by … Continue ReadingTurkey’s economy seen regaining pace, expanding 4.8 percent in 2021
Categories Economy Finance General HIGHLIGHTS Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations Güldem AtabayPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingTurkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations
Categories Economy General HIGHLIGHTS Citi cuts Turkey growth forecast to 3.4%, sees no case for rate cuts Güldem AtabayPosted on13 April, 2021 Citi cut its 2021 economic growth estimate for Turkey on Tuesday to 3.4% from 4%, … Continue ReadingCiti cuts Turkey growth forecast to 3.4%, sees no case for rate cuts
Categories Economy Emerging Markets HIGHLIGHTS JPMorgan downgrades emerging market currencies to ‘underweight’ Güldem AtabayPosted on13 April, 2021 Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from … Continue ReadingJPMorgan downgrades emerging market currencies to ‘underweight’
Categories Economy HIGHLIGHTS Politics Canada cancels export permits for drone technology to Turkey over use in Nagorno-Karabakh Güldem AtabayPosted on12 April, 2021 Canadian Minister of Foreign Affairs Marc Garneau has announced a permit cancellation for weaponry to … Continue ReadingCanada cancels export permits for drone technology to Turkey over use in Nagorno-Karabakh
Categories Business Economy General Tech Turkey’s gaming industry attracts investors, but not without concerns Güldem AtabayPosted on12 April, 2021 According to a 2020 annual report published by the Esports agency Gaming in Turkey (GIT), … Continue ReadingTurkey’s gaming industry attracts investors, but not without concerns
Categories Economy HIGHLIGHTS Turkey current account gap widens, pushing 12-month deficit to 5.3 percent of GDP Güldem AtabayPosted on12 April, 2021 Turkey’s current account deficit (CAD) grew by 89 percent in February from a year ago, … Continue ReadingTurkey current account gap widens, pushing 12-month deficit to 5.3 percent of GDP
Categories Economy General Turkey’s construction cost index flat in February over January Güldem AtabayPosted on12 April, 2021 In February 2021, construction cost index (CCI) decreased by 0.03% compared with previous month yet … Continue ReadingTurkey’s construction cost index flat in February over January
Categories Economy HIGHLIGHTS Turkish central bank to keep policy rate at 19% this week Güldem AtabayPosted on12 April, 2021 The Turkish lira weakened on Monday as investor concerns grew over deteriorating economic conditions in … Continue ReadingTurkish central bank to keep policy rate at 19% this week
Categories Economy General HIGHLIGHTS Growing support for Istanbul Convention, declining votes for Erdoğan Güldem AtabayPosted on12 April, 202112 April, 2021 The Operational Social Research Center has shared the findings of its March 2021 public opinion … Continue ReadingGrowing support for Istanbul Convention, declining votes for Erdoğan
Categories Economy General HIGHLIGHTS Growth hopes: Gone with the Covid Atilla YeşiladaPosted on12 April, 2021 Turkey’s daily coronavirus infection numbers have soared above 50,000 and President Tayyip Erdogan is likely … Continue ReadingGrowth hopes: Gone with the Covid
Categories Economy General Unemployment rate realized as 13.4 percent in Turkey Cem CetingucPosted on12 April, 2021 Seasonally adjusted unemployment rate realized as 13.4% The number of unemployed persons aged 15 years … Continue ReadingUnemployment rate realized as 13.4 percent in Turkey
Categories Economy Emerging Markets IMF: Vaccine inequity threatens Mideast’s economic recovery Atilla YeşiladaPosted on11 April, 2021 Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to … Continue ReadingIMF: Vaccine inequity threatens Mideast’s economic recovery
Categories Economy Emerging Markets Emerging market investors need to be prepared for effects of inflation Atilla YeşiladaPosted on9 April, 2021 As the world emerges from the COVID-19 pandemic, Western investors’ focus has shifted from the … Continue ReadingEmerging market investors need to be prepared for effects of inflation
Categories Economy HIGHLIGHTS Central bank governor change pushes up inflation expectations significantly Güldem AtabayPosted on9 April, 20219 April, 2021 According to the Central Bank’s Expectations Survey for April 2021, consumer inflation (CPI) expectations rose … Continue ReadingCentral bank governor change pushes up inflation expectations significantly
Categories Economy General Selva Demiralp: Inflation, central bank credibility, institutional independence Güldem AtabayPosted on9 April, 2021 As the former Fed chair Ben Bernanke once put it, “Monetary policy is 98 percent … Continue ReadingSelva Demiralp: Inflation, central bank credibility, institutional independence
