Categories Economy HIGHLIGHTS Politics Albayrak reshuffle continues: TWF Fund Chief to resign too Güldem AtabayPosted on8 March, 202115 March, 2021 The chief executive of Turkey’s sovereign wealth fund is set to step down, according to … Continue ReadingAlbayrak reshuffle continues: TWF Fund Chief to resign too
Categories Economy HIGHLIGHTS BNP Paribas TEB: Outlook for Turkish Economy Atilla YeşiladaPosted on21 July, 202021 July, 2020 Turkey first quarter GDP for 2020 increased 4.5% y/y Seasonally and calendar adjusted GDP increased … Continue ReadingBNP Paribas TEB: Outlook for Turkish Economy
Categories Economy Finance HIGHLIGHTS JP Morgan rate call: Explicit reference to tighter policies needed to restore credibility Atilla YeşiladaPosted on20 July, 202020 July, 2020 In line with the Bloomberg consensus, we expect the CBRT to keep its key policy … Continue ReadingJP Morgan rate call: Explicit reference to tighter policies needed to restore credibility
Categories Economy BBVA IP and inflation forecasts Atilla YeşiladaPosted on20 July, 202020 July, 2020 Industrial Production: Will acceleration continue? Industrial Production (IP) in May contracted by 20% yoy in … Continue ReadingBBVA IP and inflation forecasts
Categories Economy An introduction to Erdoganomics: Stealing from tomorrow to save the day Atilla YeşiladaPosted on17 July, 202017 July, 2020 President Erdogan’s economic policies don’t fit any school of economic thought known on Planet Earth … Continue ReadingAn introduction to Erdoganomics: Stealing from tomorrow to save the day
Categories Economy Finance General HIGHLIGHTS Turkish state banks fx sales add to USD100bn Editor P.A.Posted on17 July, 202018 July, 2020 Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 … Continue ReadingTurkish state banks fx sales add to USD100bn
Categories Economy June 2020 Budget: Deterioration on the outlook continues Atilla YeşiladaPosted on17 July, 202017 July, 2020 In June, Budget gave a deficit of TRY19.4bn. Albeit there was no consensus available for … Continue ReadingJune 2020 Budget: Deterioration on the outlook continues
Categories Economy HIGHLIGHTS Turkstat: Households spend half of their budget on shelter and food Atilla YeşiladaPosted on17 July, 202017 July, 2020 Turkstat’s 2019 survey of household expenditures reveal the picture of an economy slowly sinking from … Continue ReadingTurkstat: Households spend half of their budget on shelter and food
Categories Economy Emerging Markets General HIGHLIGHTS Turkey’s fiscal dismal- and COVID-19 is not only cause Güldem AtabayPosted on16 July, 202017 July, 2020 The math is simple: Turkey’s fiscal accounts that already have been deteriorating before COVID-19 is … Continue ReadingTurkey’s fiscal dismal- and COVID-19 is not only cause
Categories Economy HIGHLIGHTS Markets Tim Ash answers FAQ about Turkey Atilla YeşiladaPosted on16 July, 202016 July, 2020 Q: Turkey is a big EM credit, what is the foreign investor view of the … Continue ReadingTim Ash answers FAQ about Turkey
Categories Economy Emerging Markets Finance Politics Turkey’s debt driven housing boom in June Editor P.A.Posted on14 July, 202014 July, 2020 Turkey’s house sales skyrocketed by 209.7% yoy in June 2020 and reached 190K. The breakdown … Continue ReadingTurkey’s debt driven housing boom in June
Categories Economy Emerging Markets S&P slashes emerging market GDP forecasts Atilla YeşiladaPosted on14 July, 202015 July, 2020 Ratings agency S&P Global cut its emerging market forecasts on Monday, predicting a 4.7% slump … Continue ReadingS&P slashes emerging market GDP forecasts
Categories Economy Markets Turkey’s inflation outlook worsens, bond yields rise Atilla YeşiladaPosted on14 July, 202015 July, 2020 Expectations for consumer price inflation in Turkey are worsening, according to the monthly survey by … Continue ReadingTurkey’s inflation outlook worsens, bond yields rise
Categories Economy Emerging Markets Finance Güldem Atabay Fresh data show Turkey’s economy in deep deep trouble Güldem AtabayPosted on13 July, 202014 July, 2020 As the calendars marked the anniversary of the second year of presidential system in Turkey … Continue ReadingFresh data show Turkey’s economy in deep deep trouble
Categories Economy Macro Snapshot: April 2020 Unemployment – Outlook remains weak… Atilla YeşiladaPosted on11 July, 202013 July, 2020 Turkey’s unadjusted unemployment rate was 12.8% in April. There was no consensus available for the … Continue ReadingMacro Snapshot: April 2020 Unemployment – Outlook remains weak…
Categories Economy Reuters: Turkish factory production expected to slump 22.5% in May Editor P.A.Posted on9 July, 202011 July, 2020 Turkey’s industrial production is expected to have contracted 22.5% annually in May due to the … Continue ReadingReuters: Turkish factory production expected to slump 22.5% in May
Categories Economy Turkey faces ‘fresh market concerns’ over economic policy, Moody’s says Atilla YeşiladaPosted on8 July, 20209 July, 2020 Turkey’s growth prospects are extremely dim this year, despite economy czar Albayrak’s bold statement about … Continue ReadingTurkey faces ‘fresh market concerns’ over economic policy, Moody’s says
Categories Economy ANALYSIS: Industrial sector accelerated due to the increase in exports in June Atilla YeşiladaPosted on7 July, 20209 July, 2020 Following record lows stemming from pandemic related isolation in April and a moderate improvement in … Continue ReadingANALYSIS: Industrial sector accelerated due to the increase in exports in June
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
