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?
Categories Economy Markets IIF: The COVID-19 Shock and Turkey Atilla YeşiladaPosted on20 June, 202022 June, 2020 Turkey has substantially outgrown the rest of EM in the COVID-19 shock. It has also … Continue ReadingIIF: The COVID-19 Shock and Turkey
Categories Economy General Epidemic fuels fear of economic crisis Atilla YeşiladaPosted on18 June, 202019 June, 2020 Despite the efforts and measures for normalization of the economy, citizens began to see Turkey’s … Continue ReadingEpidemic fuels fear of economic crisis
Categories Economy Turkish Minister: Real sector recovery speeding up Atilla YeşiladaPosted on17 June, 202017 June, 2020 Leading sectors like automotive, textile, furniture rejuvenating with confidence in growing economy, says industry minister … Continue ReadingTurkish Minister: Real sector recovery speeding up
Categories Economy Emerging Markets Bloomberg: Turkey is struggling to undo lockdown damage Editor P.A.Posted on16 June, 202018 June, 2020 Once the growth engine of Turkey’s $750 billion economy, consumers are setting their sights lower … Continue ReadingBloomberg: Turkey is struggling to undo lockdown damage
Categories Economy Morgan Stanley: On a delicate balance stands Turkey’s economy Atilla YeşiladaPosted on16 June, 202016 June, 2020 In Morgan Stanley’s Sunday “Mid-Year Global Macro Outlook” report, the investment bank expressed dim prospects … Continue ReadingMorgan Stanley: On a delicate balance stands Turkey’s economy
Categories Economy Turkish consumers slowly regaining confidence, reports BloombergHT survey Atilla YeşiladaPosted on16 June, 202018 June, 2020 Turkey has two consumer confidence indices. The official one is published monthly by data collection … Continue ReadingTurkish consumers slowly regaining confidence, reports BloombergHT survey
Categories Economy Emerging Markets Finance Turkey’s central bank: priority on production and government finances Editor P.A.Posted on16 June, 202018 June, 2020 The central bank of Turkey governor Uysal in his speech at the 12th International Conference … Continue ReadingTurkey’s central bank: priority on production and government finances
Categories Economy Emerging Markets Turkey’s home sales slump again Editor P.A.Posted on15 June, 202017 June, 2020 Sales of homes in Turkey fell sharply for the second consecutive month in May as … Continue ReadingTurkey’s home sales slump again
