Categories Economy Seker Invest: CPI inflation greatly exceeds market expectations (as in May) Atilla YeşiladaPosted on3 July, 20203 July, 2020 After the release of June inflation data, disappointment spread among economists, some of whom began … Continue ReadingSeker Invest: CPI inflation greatly exceeds market expectations (as in May)
Categories Economy Emerging Markets Güldem Atabay Constantly off the central bank path: Turkey’s inflation up again making near-by rate cuts unfeasible Güldem AtabayPosted on3 July, 20206 July, 2020 Turkey’s June consumer price inflation (CPI) at 1.13% beats the market expectation again on the … Continue ReadingConstantly off the central bank path: Turkey’s inflation up again making near-by rate cuts unfeasible
Categories Economy General SAMEKS Composite: Stagnant services sector threatens manufacturing recovery Editor P.A.Posted on1 July, 20203 July, 2020 In June 2020, seasonally and calendar adjusted SAMEKS Compound Index increased by 1.0 points compared … Continue ReadingSAMEKS Composite: Stagnant services sector threatens manufacturing recovery
Categories Economy Emerging Markets VW abandons Turkey factory plan Editor P.A.Posted on1 July, 20201 July, 2020 Volkswagen AG canceled plans to build a car factory in Turkey after the coronavirus pandemic … Continue ReadingVW abandons Turkey factory plan
Categories Economy Emerging Markets Turkey’s PMI back to growth territory Güldem AtabayPosted on1 July, 20201 July, 2020 The rebound in the Turkish manufacturing PMI has continued with a return to growth territory. … Continue ReadingTurkey’s PMI back to growth territory
Categories Economy Emerging Markets EU to allow in visitors from 14 ‘safe’ countries; Turkey excluded Editor P.A.Posted on30 June, 20201 July, 2020 The 27-member bloc gave approval on Tuesday to leisure or business travel from 14 countries … Continue ReadingEU to allow in visitors from 14 ‘safe’ countries; Turkey excluded
Categories Economy Emerging Markets As widening current account deficit gets attention: Turkey trade deficit more than doubles in May Editor P.A.Posted on30 June, 20201 July, 2020 According to the official data, in May 2020 Turkey’s exports were 9 billion 967 million … Continue ReadingAs widening current account deficit gets attention: Turkey trade deficit more than doubles in May
Categories Economy Emerging Markets Reuters Poll: Turkish inflation seen rising above 12% in June Editor P.A.Posted on30 June, 20201 July, 2020 Turkey’s consumer price index is expected to rise above 12% in June from 11.4% the … Continue ReadingReuters Poll: Turkish inflation seen rising above 12% in June
Categories Economy Emerging Markets Another downgrade from Fitch: cuts Turkey economic growth forecast to -3.9% Editor P.A.Posted on30 June, 202030 June, 2020 Turkey’s economy is expected to contract by 3.9% this year, Fitch said in a report on Monday, … Continue ReadingAnother downgrade from Fitch: cuts Turkey economic growth forecast to -3.9%
Categories Economy Credit Suisse Commentary: Turkey—Pushing the limits Atilla YeşiladaPosted on30 June, 202030 June, 2020 Economic activity is now rebounding from its April low Turkey’s relatively well-functioning health infrastructure and … Continue ReadingCredit Suisse Commentary: Turkey—Pushing the limits
Categories Economy IMF: Turkey is in the red zone Atilla YeşiladaPosted on27 June, 202030 June, 2020 IMF’s recent mid-year global outlook update has created shockwaves in markets, and is now causing … Continue ReadingIMF: Turkey is in the red zone
Categories Economy Turkey’s central bank finally realizes the rise in inflation thus no rate cut… well that was a surprise Güldem AtabayPosted on25 June, 202027 June, 2020 Today’s Monetary Policy Committee (MPC) produced no rate cuts despite 25 basis points expected on … Continue ReadingTurkey’s central bank finally realizes the rise in inflation thus no rate cut… well that was a surprise
Categories Business Economy Turkey: Signs of V-shaped recovery (or not)? Atilla YeşiladaPosted on25 June, 202027 June, 2020 TURKSTAT announced the manufacturing sector capacity utilization (CU) rate and the real sector confidence index … Continue ReadingTurkey: Signs of V-shaped recovery (or not)?
Categories Economy Politics Survey: Turkey’s economic problems become endemic Atilla YeşiladaPosted on25 June, 202026 June, 2020 Recent polls revealed an increase in undecided voters, now reaching 17% of the electorate, with … Continue ReadingSurvey: Turkey’s economic problems become endemic
Categories Economy Emerging Markets Finance Albayrak believes in V shaped recovery urging banks to lend more Editor P.A.Posted on23 June, 202025 June, 2020 Addressing the general assembly of the Banks Association of Turkey in Istanbul, treasury and finance … Continue ReadingAlbayrak believes in V shaped recovery urging banks to lend more
Categories Economy Turkish youth suffering from deep anxiety Atilla YeşiladaPosted on23 June, 202023 June, 2020 One of Turkey’s biggest problem is youth unemployment, recent surveys reveal. According Turkstat data, 2.3 … Continue ReadingTurkish youth suffering from deep anxiety
Categories Economy Emerging Markets General Politics U.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims Editor P.A.Posted on22 June, 202023 June, 2020 Shares in Turkish state lender Halkbank (HALKB.IS) surged 8% on Monday after U.S. federal chief … Continue ReadingU.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims
Categories Economy Politics AKP’s plans to control Turkey’s Bar Associations bring police against lawyers Editor P.A.Posted on22 June, 202023 June, 2020 Turkish police stopped dozens of senior lawyers marching to the capital Ankara on Monday to … Continue ReadingAKP’s plans to control Turkey’s Bar Associations bring police against lawyers
Categories Economy Emerging Markets Finance This week’s meeting: Turkey’s monetary easing almost coming to an end Güldem AtabayPosted on22 June, 202023 June, 2020 Turkey’s central bank will have its Monetary Policy meeting this week; on Thursday. Without any … Continue ReadingThis week’s meeting: Turkey’s monetary easing almost coming to an end
Categories Economy Emerging Markets Recovery… really? Editor P.A.Posted on22 June, 202023 June, 2020 As per the official data, Turkey’s seasonally adjusted consumer confidence index increased by 3.1 points … Continue ReadingRecovery… really?
