Categories Emerging Markets HIGHLIGHTS Another stain on EM story: Social unrest underway Atilla YeşiladaPosted on17 July, 202017 July, 2020 With Russia, India, South Africa and Brazil groaning under the burden of Covid-19 epidemics, low … Continue ReadingAnother stain on EM story: Social unrest underway
Categories Emerging Markets General HIGHLIGHTS Goldman Sachs revises world forecasts Atilla YeşiladaPosted on17 July, 202017 July, 2020 We share excerpts from the latest Goldman Report: Recovery continues apace Globally, the world economy … Continue ReadingGoldman Sachs revises world forecasts
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 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 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 Emerging Markets Finance Danske Bank: USD weakness to support EM FX…. except TL? Atilla YeşiladaPosted on11 July, 202014 July, 2020 Over the past month, the COVID-19 virus has continued to affect many emerging and frontier … Continue ReadingDanske Bank: USD weakness to support EM FX…. except TL?
Categories Emerging Markets Kearney: Investors will flee emerging markets in post-Covid period Atilla YeşiladaPosted on8 July, 20209 July, 2020 A recent Kearney Consulting survey among top executives finds diminishing appetite for cross-country direct investment. … Continue ReadingKearney: Investors will flee emerging markets in post-Covid period
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 Emerging Markets BNP Paribas: Emerging market equities – Opportunities among the challenges Atilla YeşiladaPosted on3 July, 20204 July, 2020 The COVID-19 pandemic has struck economies and societies hard and those in emerging countries more … Continue ReadingBNP Paribas: Emerging market equities – Opportunities among the challenges
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 Emerging Markets Finance Nikkei: Coronavirus triggers dollar drain in big emerging markets Atilla YeşiladaPosted on29 June, 202030 June, 2020 The global coronavirus pandemic threatens to send capital fleeing from emerging economies, as falling exports … Continue ReadingNikkei: Coronavirus triggers dollar drain in big emerging markets
Categories Emerging Markets Comment: EM is a value trap, but we live in the “who cares” world Atilla YeşiladaPosted on27 June, 202030 June, 2020 When one reads investment banking reports and financial commentary, EM assets are a strong BUY, … Continue ReadingComment: EM is a value trap, but we live in the “who cares” world
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 Emerging Markets Markets EM Strategy: A Few Reasons for a Correction Atilla YeşiladaPosted on23 June, 202023 June, 2020 Nowadays, it seems like markets will never fall again and I’m reminded of Irving Fisher’s … Continue ReadingEM Strategy: A Few Reasons for a Correction
